### Money Changers Ordinance 《貨幣兌換商條例》

7. Exchange of other currencies
(1) If a money changer is prepared to enter into an exchange transaction involving a currency other than one of those set out in Schedule 3, he shall give the potential customer a note in writing of both—
(a) the net rate at which he is prepared to buy the currency nominated by the potential customer; and
(b) the net rate at which he is prepared to sell the currency nominated by the potential customer,
before he accepts any currency from the potential customer.
(2) The note referred to in subsection (1) is not a transaction note and the money changer shall issue a transaction note in addition to the subsection (1) note in an exchange transaction referred to in subsection (1).
(3) A money changer who contravenes this section commits an offence and is liable to a fine at level 2 and to imprisonment for 6 months. (Amended E.R. 2 of 2021)
(Added 9 of 1989 s. 8)

8. Advertising rates of exchange
(1) Where a money changer advertises the rates of exchange for any currency, whether on a board or otherwise, the money changer shall—
(a) give equal prominence to buying rates and selling rates for each currency; and
(b) display the buying and selling rates in such a way that a potential customer is able to compare the buying rate with the selling rate for any currency without the need to refer to more than one board.
(2) A money changer shall not advertise—
(a) that he charges a commission on an exchange transaction;
(b) that he charges no commission on an exchange transaction;
(c) that he makes any other charge on an exchange transaction; or
(d) that he does not make any other charge on an exchange transaction.
(3) A money changer who contravenes this section commits an offence and is liable to a fine at level 2 and to imprisonment for 6 months. (Amended E.R. 2 of 2021)
(Added 9 of 1989 s. 8)

9. Chief Executive may amend Schedules
The Chief Executive may amend the Schedules by notice in the Gazette— (Amended 65 of 2000 s. 3)
(a) to alter the form of the transaction note prescribed in Schedule 1 by including further or different information relevant to the exchange transaction;
(b) to add or delete information which may be included in permitted statements prescribed in Schedule 2; and
(c) to add to or delete from the list of currencies prescribed in Schedule 3.
(Added 9 of 1989 s. 8)

### Money Changers Ordinance 《貨幣兌換商條例》

10. False or misleading representations
(1) A money changer shall not make a false or a misleading statement as to the rate of exchange offered to a customer or potential customer.
(2) A money changer shall not make a false or a misleading statement as to—
(a) the terms of an exchange transaction; or
(b) the application of this Ordinance,
to a customer or a potential customer.
(3) A money changer who contravenes this section commits an offence and is liable to a fine at level 2 and to imprisonment for 6 months. (Amended E.R. 2 of 2021)
(Added 9 of 1989 s. 8)

11. Criminal liability
(1) If a person employed by a money changer does an act which would be an offence under this Ordinance if done by a money changer, each of the following persons is guilty of that offence as if he were a money changer who had committed the offence and each person is liable to the penalty prescribed for the offence—
(a) the person employed by the money changer;
(b) the money changer, unless the money changer took reasonable steps to prevent the commission of the offence; and
(c) where the employer of the person is a corporation, each director, manager, secretary and other similar officer of the corporation and any person purporting to act in any of those capacities unless he took reasonable steps to prevent the commission of the offence.
(2) Subject to subsection (3), for the purposes of this section, a person is deemed to be a director of a corporation if he occupies the position of a director by whatever name he may be called or is a person in accordance with whose directions or instructions a director of the corporation acts.
(3) A person shall not, by reason only that a director of the corporation acts on advice given by him in a professional capacity, be taken to be a person in accordance with whose directions or instructions a director acts.
(4) If a partner in a partnership of money changers commits an offence under this Ordinance, each other partner shall be guilty of the offence unless he took reasonable steps to prevent the commission of the offence.
(5) Where under this section a person employed by a money changer is deemed to have committed an offence—
(a) his employer; and
(b) where the employer is a corporation, each director, manager, secretary, person purporting to act as a director, manager or secretary of the corporation,
is presumed, in the absence of evidence to the contrary, to have not taken reasonable steps to prevent the commission of the offence.
(6) Where a money changer who is in a partnership with another money changer commits an offence, the partner of that money changer is presumed, in the absence of evidence to the contrary, to have not taken reasonable steps to prevent the commission of the offence.
(Added 9 of 1989 s. 8)

### Co-operative Societies Ordinance 《合作社條例》

1. Short title
This Ordinance may be cited as the Co-operative Societies Ordinance.

2. Interpretation
In this Ordinance, unless the context otherwise requires—
bonus (紅利) means a share of the profits of a registered society divided among its members in proportion to the volume of business done with the society by them from which the profits of the society were derived;
by-laws (章程) means the registered by-laws made by a society in the exercise of any power conferred by this Ordinance, and includes a registered amendment of the by-laws;
committee (理事會) means the governing body of a registered society to whom the management of its affairs is entrusted;
dividend (股息) means a share of the profits of a registered society divided among its members in proportion to the share capital held by them;
member (社員) includes a person or registered society joining in the application for the registration of a society, and a person or registered society admitted to membership after registration in accordance with the by-laws;
officer (高級人員) includes a chairman, secretary, treasurer, member of committee, or other person empowered under the rules or by-laws to give directions in regard to the business of a registered society;
registered society (註冊合作社) means a co-operative society registered under this Ordinance;
Registrar (註冊官) means the Registrar of Co-operative Societies appointed under section 3 and includes any person when exercising such powers of the Registrar as may have been conferred upon him under that section;
rules (規則) means rules made under this Ordinance.

3. Appointment of Registrar and assistant registrars
The Chief Executive may appoint a person to be Registrar of Co-operative Societies for Hong Kong and may appoint persons to assist such Registrar, and may, by general or special order published in the Gazette, confer on any such persons all or any of the powers of a Registrar under this Ordinance.
(Amended 61 of 2000 s. 3)

4. Societies which may be registered
Subject to the provisions hereinafter contained, a society which has as its object the promotion of the economic interests of its members in accordance with co-operative principles, or a society established with the object of facilitating the operations of such a society, may be registered under this Ordinance with or without limited liability as the Registrar may decide:
Provided that the liability of a society which includes at least one registered society among its members shall be limited.