Options Trading Rules
CHAPTER 1
DEFINITIONS AND INTERPRETATION
Definitions
101. In these Options Trading Rules, unless the context otherwise requires:-
The definitions of “Options Broker Officer”, “Options Broker Representative”, “Options Clearing Officer”, “Options Officer”, “Options Officer and Representative Examination”, “Options Representative”, “Options Trading Officer” and “Options Trading Representative” have been repealed.CHAPTER 2
OPTIONS TRADING EXCHANGE PARTICIPANTSHIP
205. [Repealed]
Registers
209A. [Repealed]
209B. [Repealed]
209C. The register kept by the Exchange under Options Trading Rule 209 will be open for public inspection on payment of a sum as the Board may from time to time prescribe.
CHAPTER 3
OPTIONS EXCHANGE PARTICIPANTS' OBLIGATIONS
Continuing Obligations
302. Each Options Trading Exchange Participant shall at all times:-
(2) (a) ensure that the name, address and contact details of each of its Authorized Users are notified to the Exchange and kept up-to-date;
(b) [Repealed]
302A. Each Options Broker Exchange Participant shall at all times:-
(2) [Repealed]
CHAPTER 4
OPTIONS EXCHANGE PARTICIPANTS AND THEIR CLIENTS
Options Broking Agreement
401A. No Options Trading Exchange Participant shall accept any instructions from an Options Broker Exchange Participant in relation to the transaction of any Exchange Traded Options Business for the account of the clients of that Options Broker Exchange Participant, unless and until:-
(3) the Options Trading Exchange Participant has lodged with the Exchange one copy of the Options Broking Agreement executed pursuant to Options Trading Rule 401A(2) and such copy shall be certified by a Responsible Officer of that Options Trading Exchange Participant;
(4) the Options Trading Exchange Participant has delivered to such Options Broker Exchange Participant a written statement of the full name and address of the Options Trading Exchange Participant and the full name and contact details of the Responsible Officer who will be primarily responsible for that Options Broker Exchange Participant's affairs as a client of that Options Trading Exchange Participant;
CHAPTER 5
THE OPTIONS TRADING SYSTEM
Access to the Options Trading System
503. Every Options Trading Exchange Participant must implement procedures to ensure that each person who logs on to HKATS:-
(2) does not disclose his User ID to any other person (except, if requested, to his Responsible Officer(s)); and
CHAPTER 6
MARKET MAKERS
Suspension, Revocation and Surrender
617. A Market Maker permit may at any time be surrendered by the Options Trading Exchange Participant to whom it has been granted by that Options Trading Exchange Participant giving 30 days’ (or such shorter period of time as the Exchange may allow) written notice to that effect to the Exchange, to SEOCH and to the SEOCH Participant which clears for that Market Maker.
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