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Options Trading Rules of the Stock Exchange
Chapter 1 - Definitions and Interpretation
| 101 |
Definition |
| 102-105 |
Interpretation |
| 106-107 |
Applicability of the Exchange Rules |
| 108 |
Amendment |
| 109A -109C |
Exclusion of Liability |
| 110 |
Governing Law |
| 111-113 |
Notice |
| 114-115 |
Transitional Provisions |
Chapter 2 - Options Trading Exchange Participantship
| 201-202 |
Participation |
| 203 |
Qualification |
| 204 |
Applications |
| 205 |
[Repealed] |
| 206-207 |
Approval or Refusal |
| 208 |
Registration |
| 209-209C |
Registers |
| 209D |
Publication of a list of Options Exchange Participants |
| 210 |
[Repealed] |
| 210A |
Access to HKATS |
| 211-214 |
[Repealed] |
Chapter 3 - Options Exchange Participants' Obligations
| 301 |
Compliance with the Options Trading Rules |
| 302-302C |
Continuing Obligations |
| 303-304 |
[Repealed] |
| 305 |
Transaction Levies and Investor Compensation Levy |
| 306-309 |
No Transfer of Options Exchange Participantship or System Access Rights |
| 310-315 |
Resignation as an Options Exchange Participant |
| 316 |
Incapacity |
| 317-317A |
Confidentiality by the Exchange |
| 318 |
Fees |
Chapter 4 - Options Exchange Participants and Their Clients
| 401 |
[Repealed] |
| 401A-402 |
Options Broking Agreement |
| 403 |
[Repealed] |
| 404 |
Disclosure of Client's Information |
| 405-408 |
[Repealed] |
| 409-409B |
Restrictions on Client Business |
| 410 |
[Repealed] |
| 411-412 |
Client Contracts |
| 413-414 |
[Repealed] |
| 415-417 |
Exercise of Client Contracts |
| 418-421 |
[Repealed] |
| 422 |
Disclosure |
| 423 |
[Repealed] |
| 424-426A |
Client Margin Requirements |
| 427 |
[Repealed] |
| 428 |
Premium |
| 429 |
Set Off |
| 430-431 |
Default by Clients |
| 432-433 |
[Repealed] |
| 433A |
Client's Money |
| 434 |
Confidentiality by Options Exchange Participants |
| 435-441A |
Position Limits |
| 442 |
Exercise Limits |
Chapter 5 - The Options Trading System
| 500 |
General Provisions |
| 500A |
[Repealed] |
| 501-505 |
Access to the Options Trading System |
|
506-506C |
Establishment of Prescribed Risk Controls in HKATS |
| 507 |
Adjustments to Contracts ("Capital Adjustments") |
| 508 |
[Repealed] |
| 509-512 |
Recording of Orders and Quotes |
| 513-517 |
Recording of Trades |
| 517A |
Matching and Ranking of Orders in HKATS |
| 518-522A |
Rules for Order Entry |
| 522B |
Amendment and Cancellation of Orders |
| 522C-522G |
Self-match Prevention |
| 523-523A |
Trade and Position Corrections |
| 524-528 |
Give-Ups |
| 529 |
Block Trades |
| 530-531 |
Contractual Relationships |
| 532-539A |
NCPs and GCPs |
| 540-542 |
Error Trades |
| 543 |
[Repealed] |
| 544 |
Disputes |
| 545 |
Limitation of Liability |
| 546-552 |
[Repealed] |
Chapter 6 - Market Makers
| 601-605 |
Applications for Market Maker Permits |
| 606-607 |
Form and Duration of Market Maker Permits |
| 608-612 |
Obligations of Regular Market Makers |
| 612A-612E |
Obligations of Primary Market Makers |
| 613-614 |
Rights of Market Makers |
| 614A-614B |
Identification of Jobbing Transactions |
| 614C-614D |
Recording of Hedging Activities |
| 615-619 |
Suspension, Revocation and Surrender |
Chapter 7 - Default Procedures
| 701-710 |
Default |
| 711 |
General |
| 712 |
Indemnity |
| 713-717 |
Suspension or Cancellation of Options Exchange Participantship |
| 718 |
Default Procedures Prevail |
Chapter 8 - Disciplinary
| 801-802 |
Situations Calling for Disciplinary Action |
| 803 |
Co-operation |
| 804 |
Notification |
| 805-806 |
Disciplinary Action and Procedures |
Chapter 9 - Emergency Procedures
|
901-903 |
Suspension of Options Trading |
| 904 |
[Repealed] |
| 904A |
Special Events |
| 905 |
Facsimile Instruction Entry |
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For Exchange Participant admission appeals procedures: please click here