Options Trading Rules of the Stock Exchange

	RULE(S)
	Chapter 1 - Definitions and Interpretation
	101	Definitions
	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	205	[Repealed]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
	208	Registration
	209-209C	Registers
	210	[Repealed]
	210A	Access to HKATS
	211-214	[Repealed]
	Chapter 3 - Options Exchange Participants' Obligations
	301	Compliance with the Options Trading Rules
	302-302B	Continuing Obligations
	303-304	[Repealed]
	305	Transaction 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	401	[Repealed]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	403	[Repealed]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	405-408	[Repealed]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	410	[Repealed]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	413-414	[Repealed]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	418-421	[Repealed]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	423	[Repealed]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	427	[Repealed]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	432-433	[Repealed]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	500A	[Repealed]
	501-504B	Access to the Options Trading System
	505-506	[Repealed]
	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	508	[Repealed]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
	523-523A	Trade and Position Corrections
	524-528	Give-Ups
	529	Block Trades
	530-531	Contractual Relationships
	532-539	NCPs and GCPs
	540-542	Error Trades
	543	[Repealed]
	544	Disputes
	545	Limitation of Liability
	546-552	Bulletin Board
	Chapter 6 - Market Makers
	601-605	Applications for Market Maker Permits
	606-607	Form and Duration of Market Maker Permits
	608-614	Rights and Obligations 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	Typhoon Signals and Black Rainstorm Warnings
	905	Facsimile Instruction Entry
	First Schedule	Item A1: [Repealed] Item A2: [Repealed] Item A3: Uniform Options Broking Agreement Item B: [Repealed] Item C: [Repealed] Item D: Model Acknowledgement Letter from Options Clients in respect of SEOCH Margining on a Portfolio Basis
	Second Schedule	Market Maker Obligations
	Third Schedule	Regulations for Block Trades
	Fourth Schedule	[Repealed]
	Fifth Schedule	Trading Hours
	Sixth Schedule	Standard Contract
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	(Update No. 1 2007 of the Options Trading Rules is now available for subscription.  For those who wish to subscribe hardcopy updates to the Options Trading Rules, please complete and return the attached copy of the Updating Service Request Form.)