Cap 571H s 3 Application (Securities and Futures (Client Securities) Rules; SECURITIES AND FUTURES ORDINANCE)

Contents of Section

Chapter:	571H	Title:	Securities and Futures (Client Securities) Rules	Gazette Number:	E.R. 2 of 2012
Section:	3	Heading:	Application	Version Date:	02/08/2012

(1) Subject to subsection (2), these Rules apply to client securities and securities collateral of an intermediary that are-

(a) either-

(i) listed or traded on a recognized stock market; or

(ii) interests in a collective investment scheme authorized by the Commission under section 104 of the Ordinance; and

(b) received or held in Hong Kong by or on behalf of-

(i) the intermediary in the course of the conduct of any regulated activity for which the intermediary is licensed or registered; or

(ii) an associated entity of the intermediary in relation to the conduct of such regulated activity.

(2) These Rules do not apply to client securities of an intermediary that are in an account established and maintained by a client of the intermediary, in that client's name, with a person other than the intermediary or an associated entity of the intermediary.