FRC Transaction Levy definition

FRC Transaction Levy means the transaction levy at the rate of 0.00015% of the Offer Price in respect of the Offer Shares imposed by the Financial Reporting Council and payable to the Hong Kong Exchanges and Clearing Limited;
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FRC Transaction Levy means the levy payable to the Financial Reporting Council
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FRC Transaction Levy means the levy payable to the Financial Reporting Council pursuant to the provisions of section 50A of the Financial Reporting Council Ordinance; "Investor Compensation Levy" means the levy payable to the Commission pursuant to the provisions of section 4 of the Securities and Futures (Investor Compensation - Levy) Rules; "SFC Transaction Levy" means the levy payable to the Commission pursuant to the provisions of section 394 of the Ordinance;
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Examples of FRC Transaction Levy in a sentence

  • The SFC Transaction Levy, the FRC Transaction Levy and the Investor Compensation Levy at the rates for the time being specified in the Securities and Futures (Levy) Order, the Financial Reporting Council Ordinance and the Securities and Futures (Investor Compensation - Levy) Rules respectively, shall be paid in respect of every purchase and sale of underlying securities pursuant to the exercise of an OCH Contract.

  • FRC Transaction Levy is calculated at 0.00015% per side of the consideration of a transaction.

  • No FRC Transaction Levy and Investor Compensation Levy are payable in respect of each Options Contract in accordance with the Financial Reporting Council Ordinance and the Securities and Futures (Investor Compensation – Levy) Rules respectively.

  • With effect from 1 January 2022, in respect of security transactions on the SEHK, a FRC Transaction Levy of 0.00015% (rounded to the nearest cent) is charged per side of the consideration of a transaction, and the amount is collected for the Financial Reporting Council (FRC).

  • The Eligible Customers, however, still have to pay other fees, which include but not limited to Stamp Duties, Transfer Fees, SFC Transaction Levy, HKEx Trading Fee, FRC Transaction Levy, CSRC Securities Management Fee and PRC Stock Exchange Handling Fee collected by third parties.

  • Where the consideration under a Qualifying Transaction consists of or includes consideration other than cash, the value of the consideration on which the FRC Transaction Levy is payable shall be determined by the Exchange whose decision shall be final and binding.

  • For an asset that does not generate largely independent cash inflows, the recoverable amount is determined for the cash-generating unit to which the asset belongs.Reversal of Impairment An impairment loss is reversed if there is an indication that there has been a change in the estimates used to determine the recoverable amount.

  • In all cases it shall be the responsibility of the issuer whose securities are to be listed to ensure that the FRC Transaction Levy is paid to the Exchange.

  • It is composed of 12 questions divided into six domains: cognition, mobility, self-care, getting along, life activities and participation.

  • The FRC Transaction Levy shall be paid to the Exchange at the same time the SFC Transaction Levy payable under paragraph 5 or paragraph 8 above (as the case may be) is paid to the Exchange, in the manner and within the time frame determined by the Exchange from time to time.


More Definitions of FRC Transaction Levy

FRC Transaction Levy means the transaction levy at the rate of 0.00015% of the Public Offer Price in respect of the Hong Kong Offer Shares, or 0.00015% of the International Offer Price in respect of the International Offer Shares (as the case may be), imposed by the Financial Reporting Council of Hong Kong;
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FRC Transaction Levy means the levy payable to the Financial Reporting Council pursuant to the provisions of section 50A of the Financial Reporting Council Ordinance;“FX”means foreign exchange;“FX Services”means the foreign exchange services which may be provided by HKSCC as set out in Rule 563J;“GCP”means a SEOCH Participant registered as a general clearing participant pursuant to the Clearing Rules;“GEM”means GEM operated by the Exchange;“group of companies”has the meaning assigned to it by section 2 of the Companies Ordinance, and any reference to “a group company” or “group companies” shall be construed accordingly;“HKATS”means the automated trading system made available by the Exchange for trading in Options Contracts and which is operated by HKFE;“HKCC”means HKFE Clearing Corporation Limited;“HKCC Participant”means a person duly registered as a participant of HKCC under one of the categories of participantship specified in the rules and procedures of HKCC, as from time to time in effect;“HKEX”means Hong Kong Exchanges and Clearing Limited;“HKEX staff”means staff of HKEX or staff of a company of which HKEX is a controller, including without limitation, staff of the Exchange;“HKEX website”means the official website of HKEX at http://www.hkex.com.hk or at such other website address specified by HKEX from time to time;“HKFE”means Hong Kong Futures Exchange Limited;“HKFE Participant”means a person who, in accordance with the Rules of HKFE, may trade on or through HKFE and whose name is entered in a list, register or roll kept by HKFE as a person who may trade on or through HKFE;“HKSCC”means the Hong Kong Securities Clearing Company Limited including, where the context so requires, its agents, nominees, representatives, officers and
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Related to FRC Transaction Levy

  • Roll-Up Transaction means a transaction involving the acquisition, merger, conversion or consolidation either directly or indirectly of the Company and the issuance of securities of a Roll-Up Entity to the Shareholders. Such term does not include:

  • Proposed Acquisition Transaction means, with respect to a SpinCo, a transaction or series of transactions (or any agreement, understanding or arrangement, within the meaning of Section 355(e) of the Code and Treasury Regulations Section 1.355-7, or any other Treasury Regulations promulgated thereunder, to enter into a transaction or series of transactions), whether such transaction is supported by the management or shareholders of such SpinCo, is a hostile acquisition, or otherwise, as a result of which such SpinCo would merge or consolidate with any other Person or as a result of which any Person or Persons would (directly or indirectly) acquire, or have the right to acquire, from such SpinCo and/or one or more holders of outstanding shares of Capital Stock of such SpinCo, a number of shares of Capital Stock of such SpinCo that would, when combined with any other changes in ownership of Capital Stock of such SpinCo pertinent for purposes of Section 355(e) of the Code, comprise 45% or more of (a) the value of all outstanding shares of stock of such SpinCo as of the date of such transaction, or in the case of a series of transactions, the date of the last transaction of such series, or (b) the total combined voting power of all outstanding shares of voting stock of such SpinCo as of the date of such transaction, or in the case of a series of transactions, the date of the last transaction of such series. Notwithstanding the foregoing, a Proposed Acquisition Transaction shall not include (i) the adoption by such SpinCo of a shareholder rights plan or (ii) issuances by such SpinCo that satisfy Safe Harbor VIII (relating to acquisitions in connection with a person’s performance of services) or Safe Harbor IX (relating to acquisitions by a retirement plan of an employer) of Treasury Regulations Section 1.355-7(d). For purposes of determining whether a transaction constitutes an indirect acquisition, any recapitalization resulting in a shift of voting power or any redemption of shares of stock shall be treated as an indirect acquisition of shares of stock by the non-exchanging shareholders. This definition and the application thereof is intended to monitor compliance with Section 355(e) of the Code and shall be interpreted accordingly. Any clarification of, or change in, the statute or Treasury Regulations promulgated under Section 355(e) of the Code shall be incorporated into this definition and its interpretation.

  • Restructuring Transaction means a tax free distribution under section 355 of the internal revenue code and includes tax free transactions under section 355 of the internal revenue code that are commonly referred to as spin offs, split ups, split offs, or type D reorganizations.

  • Acquisition Transaction Announcement means (i) the announcement of an Acquisition Transaction or an event that, if consummated, would result in an Acquisition Transaction, (ii) an announcement that Counterparty or any of its subsidiaries has entered into an agreement, a letter of intent or an understanding designed to result in an Acquisition Transaction, (iii) the announcement of the intention to solicit or enter into, or to explore strategic alternatives or other similar undertaking that may include, an Acquisition Transaction, (iv) any other announcement that in the reasonable judgment of the Calculation Agent may result in an Acquisition Transaction, or (v) any announcement of any change or amendment to any previous Acquisition Transaction Announcement (including any announcement of the abandonment of any such previously announced Acquisition Transaction, agreement, letter of intent, understanding or intention). For the avoidance of doubt, announcements as used in the definition of Acquisition Transaction Announcement refer to any public announcement whether made by the Issuer or a third party.

  • Equity Transaction means, with respect to any member of the Consolidated Parties, any issuance or sale of shares of its Capital Stock, other than an issuance (a) to a Consolidated Party, (b) in connection with a conversion of debt securities to equity, (c) in connection with the exercise by a present or former employee, officer or director under a stock incentive plan, stock option plan or other equity‑based compensation plan or arrangement, or (d) in connection with any acquisition permitted hereunder.

  • Co-Investment Transaction means any transaction in which a Regulated Fund (or its Wholly-Owned Investment Sub (defined below)) participated together with one or more Affiliated Funds and/or one or more other Regulated Funds in reliance on the Order.

  • Factoring Transaction means any transaction or series of transactions that may be entered into by the Borrower or any Restricted Subsidiary pursuant to which the Borrower or such Restricted Subsidiary may sell, convey, assign or otherwise transfer Receivables Assets (which may include a backup or precautionary grant of security interest in such Receivables Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person that is not a Restricted Subsidiary; provided that any such person that is a Subsidiary meets the qualifications in clauses (1) through (3) of the definition of “Receivables Subsidiary”.

  • Restructuring Transactions means the transactions described in Article IV.B of the Plan.

  • Company Acquisition Transaction means any transaction or series of transactions (other than the Contemplated Transactions) involving:

  • Void Transaction means any transaction wherein the transaction has taken place but has been cancelled /rejected /unsuccessful by the Alliance Partner.

  • Acquisition Transactions means the transactions contemplated by the Acquisition Agreement.

  • Acquisition Transaction means any transaction involving:

  • Permitted Acquisition means any acquisition by Borrower or any of its wholly owned Subsidiaries, whether by purchase, merger, amalgamation or otherwise, of all or substantially all of the assets of, all of the Equity Interests of, or a business line or unit or a division of, or a product or a product candidate of, any Person; provided that:

  • Financing Transaction means a transaction in which a licensed provider obtains financing from a financing entity including any secured or unsecured financing, any securitization transaction, or any securities offering which is either registered or exempt from registration under federal and state securities law.

  • Specified Acquisition means one or more acquisitions of assets, Equity Interests, entities, operating lines or divisions in any fiscal quarter for an aggregate purchase price of not less than $50,000,000.