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Chapter: | 558E
 | Title: | INTERNATIONAL ORGANIZATIONS (PRIVILEGES AND IMMUNITIES) (INTERNATIONAL MONETARY FUND) ORDER | Gazette Number: | L.N. 117 of 2008 |
| Schedule: | 3 | Heading: | PROVISIONS OF ARTICLES OF AGREEMENT OF THE FUND HAVING FORCE OF LAW IN HONG KONG | Version Date: | 18/07/2008 |
[section 5]
ARTICLE IX
Status, Immunities, and Privileges
Status, Immunities, and Privileges
Section 1. Purposes of Article
To enable the Fund to fulfill the functions with which it is entrusted, the ... immunities, and privileges set forth in this Article shall be accorded to the Fund ... .
...
Section 6. Freedom of assets from restrictions
To the extent necessary to carry out the activities provided for in this Agreement, all property and assets of the Fund shall be free from restrictions, regulations, controls, and moratoria of any nature.
...
Section 8. Immunities and privileges of officers and employees
All Governors, Executive Directors, Alternates, members of committees, representatives appointed under Article XII, Section 3(j), advisors of any of the foregoing persons, officers, and employees of the Fund:
- (i) shall be immune from legal process with respect to acts performed by them in their official capacity except when the Fund waives this immunity;
Section 9. Immunities from taxation
...
(c) No taxation of any kind shall be levied on any obligation or security issued by the Fund, including any dividend or interest thereon, by whomsoever held:
- (i) which discriminates against such obligation or security solely because of its origin; or
(ii) if the sole jurisdictional basis for such taxation is the place or currency in which it is issued, made payable or paid, or the location of any office or place of business maintained by the Fund.