CLEARING AND SETTLEMENT SYSTEMS
ORDINANCE
Ord. No. 20 of 2004
A841
CLEARING AND SETTLEMENT SYSTEMS ORDINANCE
CONTENTS
Section
Page
| PART 1 Preliminary | ||
| 1. | Short title and commencement ............................................................................................................................................................................................................................................................................................................ |
A847 |
| 2. | Interpretation ............................................................................................................................................................................................................................................................................................................ |
A847 |
| 3. | Application ............................................................................................................................................................................................................................................................................................................ |
A853 |
| PART 2 Designation and Oversight | ||
| Division 1—Designation | ||
| 4. | Monetary Authority may designate clearing and settlement systems ............................................................................................................................................................................................................................................................................................................ |
A855 |
| 5. | Revocation of designation ............................................................................................................................................................................................................................................................................................................ |
A857 |
| Division 2—Obligations of designated systems | ||
| 6. | Obligation to inform Monetary Authority of name and address, etc. ............................................................................................................................................................................................................................................................................................................ |
A859 |
| 7. | Requirements applying to designated systems ............................................................................................................................................................................................................................................................................................................ |
A859 |
| 8. | Safety and efficiency ............................................................................................................................................................................................................................................................................................................ |
A861 |
| Division 3—Matters pertaining to functions and powers of Monetary Authority | ||
| 9. | Functions of Monetary Authority ............................................................................................................................................................................................................................................................................................................ |
A863 |
| 10. | Power of Chief Executive to give directions ............................................................................................................................................................................................................................................................................................................ |
A863 |
| 11. | Power of Monetary Authority to exempt ............................................................................................................................................................................................................................................................................................................ |
A865 |
| 12. | Monetary Authority may request information or documents ............................................................................................................................................................................................................................................................................................................ |
A865 |
| 13. | Monetary Authority may give directions ............................................................................................................................................................................................................................................................................................................ |
A867 |
| 14. | Monetary Authority may impose operating rules ............................................................................................................................................................................................................................................................................................................ |
A867 |
| PART 3 Finality of Transactions and Proceedings | ||
| Division 1—Interpretation | ||
| 15. | Interpretation ............................................................................................................................................................................................................................................................................................................ |
A869 |
