Page:Clearing and Settlement Systems Ordinance (Cap. 584).pdf/33

CLEARING AND SETTLEMENT SYSTEMS ORDINANCE

40. Power of Chief Justice to make rules

The Chief Justice may make rules—
 * (a) providing for matters of procedure, or other matters, relating to requests for review, or reviews, under this Part, which are not provided for in this Part or section 4 of Schedule 1;
 * (b) providing for the issue or service of any document (however described) for the purposes of this Part or section 4 of Schedule 1; or
 * (c) prescribing anything required to be prescribed under this Part or section 4 of Schedule 1.

PART 5 41. Contravention of provisions of Part 2

(1) A person who, without reasonable excuse, contravenes section 6(1) commits an offence and is liable—
 * (a) on conviction upon indictment, to a fine of $400,000 and to imprisonment for 2 years; and
 * (b) in the case of a continuing offence, to a further fine of $10,000 for every day during which the offence continues.

(2) A person who, without reasonable excuse, contravenes section 6(2) commits an offence and is liable—
 * (a) on conviction upon indictment, to a fine of $400,000; and
 * (b) in the case of a continuing offence, to a further fine of $10,000 for every day during which the offence continues.

(3) Where there is a contravention of a requirement set out in section 7(1) as regards any designated system, every system operator and settlement institution of the system commits an offence and is liable on conviction upon indictment to a fine of $400,000.

(4) A person who contravenes section 7(3) commits an offence and is liable on conviction upon indictment to a fine of $400,000.

(5) A person who fails to comply with a request made under section 12(1) commits an offence and is liable—
 * (a) on conviction upon indictment, to a fine of $400,000 and to imprisonment for 2 years; and
 * (b) in the case of a continuing offence, to a further fine of $10,000 for every day during which the offence continues.