Contents of Section

Chapter:

571 PDFTitle:SECURITIES AND FUTURES ORDINANCEGazette Number:L.N. 12 of 2003
Section:325Heading:Time of notificationVersion Date:01/04/2003

(1) A notification required by section 324 shall be given, where the duty of disclosure arises under section 310(1) or (4)-

        (a) in the case that at the time at which the relevant event occurs the person concerned knows of its occurrence, within 3 business days after the day on which the relevant event occurs; or
        (b) otherwise, within 3 business days after the day on which the occurrence of the relevant event comes to his knowledge.
(2) A notification required by section 324 shall be given, where the duty of disclosure arises under section 310(2) or (3)-
        (a) within 10 business days after the day on which the relevant event occurs; or
        (b) in the case that at the time at which the relevant event occurs the person concerned is not aware that he has a notifiable interest, within 10 business days after the day on which he becomes aware that he has such an interest.
(3) A notification required by section 324 shall be given, where the duty of disclosure arises under section 310(5) or (6)-
        (a) within 10 business days after the day on which the relevant event occurs; or
        (b) in the case that at the time at which the relevant event occurs the person concerned is not aware that he has a short position of a percentage level equal to or more than the specified percentage level, within 10 business days after the day on which he becomes aware that he has such a short position.