|571||Title:||Securities and Futures Ordinance||Gazette Number:||E.R. 2 of 2012|
|Section:||3||Heading:||Securities and Futures Commission||Version Date:||02/08/2012|
(1) Notwithstanding the repeal of the Securities and Futures Commission Ordinance (Cap 24) under section 406, the body established by section 3 of that Ordinance as the Securities and Futures Commission shall continue in existence in its original name as a body corporate with power to sue and be sued in that name.
(2) Subject to the provisions of this Ordinance, the corporate identity of the Commission, and the rights, privileges, powers, obligations and liabilities of the Commission and those of others in relation to the Commission, are not affected by the repeal of the Securities and Futures Commission Ordinance (Cap 24) under section 406, and any reference to the Commission (whether by reference to that Ordinance or otherwise) in any Ordinance or any instrument, record or document, or in or for the purposes of any proceedings, agreement or arrangement (whether in writing or not) shall be construed accordingly.
(3) The receipts of the Commission are not subject to taxation under the Inland Revenue Ordinance (Cap 112).
(4) Part 1 of Schedule 2 contains provisions relating to the constitution and proceedings of and other matters relating to the Commission.