Exchange Companies definition
Examples of Exchange Companies in a sentence
SEEM payments due will also be paid on the 1Alternative Local Exchange Companies (ALEC) and Competing Local Providers (CLP) are referred to as Competitive Local Exchange Carriers (CLEC) in this document.
Where the SFC, in the course of performing its functions under the relevant Ordinances and hereunder becomes aware of a serious matter which may affect the markets and facilities operated by HKEx, the Exchange Companies and/or clearing houses the SFC will, to the extent permitted by law, notify HKEx as soon as practicable.
In discharge of its responsibility, the SFC may carry out onsite reviews on the operations of HKEx, the Exchange Companies and clearing houses.
The risk management committee shall formulate policies on risk management matters relating to the activities of HKEx, the Exchange Companies and the clearing houses and shall submit such policies to the Board of HKEx for its consideration.
It is a statutory requirement that any amendments to the constitution and Rules of HKEx or the Exchange Companies or clearing houses are approved by the SFC (save in respect of Rules of a class declared by the SFC not to require such approval).
This paragraph shall not affect the rights and powers of HKEx, the Exchange Companies and clearing houses in relation to the admission of market participants to the markets and facilities provided by HKEx, the Exchange Companies and clearing houses.
Providers of local Residential Telephone Service and Certified Local Exchange Companies have responsibilities defined by State Public Utility Commissions.
HKEx shall establish and maintain an appropriate risk management framework for monitoring and managing the business risks of HKEx, the Exchange Companies and clearing houses.
Those activities include the trading, clearing and settlement operations, market surveillance, regulation and risk management functions of HKEx, the Exchange Companies and clearing houses to the extent that those are linked to the clearing and settlement services provided by the clearing houses.
Procedures relating to amendments to the constitution and Rules of HKEx, Exchange Companies or clearing houses.