Common use of Market Surveillance Clause in Contracts

Market Surveillance. 5.1 Where SEHK, in the course of its surveillance of Exchange Participants (in relation to trading and clearing matters) and listed issuers or as a result of complaints or market intelligence, detects unusual market activity (whether of an Exchange Participant, their representative or clients) involving HKEx’s securities which reveals a possible breach of any of the Relevant Ordinances, business rules or conditions of a licence, SEHK will immediately inform the SFC. This clause 5.1 does not require SEHK to undertake surveillance functions or actions which it does not already undertake at the date hereof.

Market Surveillance. 5.1 Where SEHK, in the course of its surveillance of Exchange Participants (in relation to trading and clearing matters) and listed issuers or as a result of complaints or market intelligence, detects unusual market activity (whether of an Exchange Participant, their representative or clients) involving HKEx’s securities which reveals a possible breach of any of the Relevant Ordinances, business rules or conditions of a licence, SEHK will immediately inform the SFC. This clause 5.1 does not require SEHK to undertake surveillance functions or actions which it does not already undertake at the date hereof.