Document ID: chunk:federal_register_of_legislation:F2022L00761:body:0:p3
Version: federal_register_of_legislation:F2022L00761
Segment Type: other
Provision Reference: 
Character Range: 5747–8512

its Total Risk Requirement is less than or equal to 1.4;

            (d)   by no later than one Business Day after giving notice to ASIC in accordance with paragraph (c), provide ASIC with an Ad Hoc Risk-Based Return, authorised by a director of BCAL, disclosing the amount of its Liquid Margin;

            (e)   for so long as the Limit is exceeded and BCAL's Liquid Capital divided by its Total Risk Requirement is less than or equal to 1.4, by 9:00 pm on the first Business Day of each week, provide ASIC with an Ad Hoc Risk-Based Return disclosing the amount of its Liquid Margin as at the close of business in Hong Kong on the last Business Day of the prior week; and

            (f)    for so long as the Limit is exceeded and BCAL's Liquid Capital divided by its Total Risk Requirement is less than or equal to 1.2, by 9:00 pm on each Business Day, provide ASIC with an Ad Hoc Risk-Based Return disclosing the amount of its Liquid Margin as at the close of business in Hong Kong on the prior Business Day.
           (2)          It is a condition of the waiver in subsection 5(3) that BCAL must, for so long as its net assets are at any time equal to or fall below zero, by 9:00 pm on each Business Day, provide ASIC with an Ad Hoc Risk-Based Return showing its financial position as at the close of business in Hong Kong on the prior Business Day.
           (3)          It is a condition of the waiver in subsection 5(4) that BCAL must prepare and deliver to ASIC no later than the 21st day of each calendar month, the following documents and information:

            (a)   a Monthly Risk-Based Return, which accurately reflects BCAL's accounts and financial position on the last Business Day of the previous calendar month which are prepared in accordance with accounting standards and principles which are generally accepted in Hong Kong; and

            (b)   a Risk-Based Return Declaration relating to the Monthly Risk-Based Return, authorised by one director of BCAL.
           (4)          It is a condition of the waivers in subsections 5(5) and (6) that BCAL must prepare and deliver to ASIC, within four months following the end of BCAL's financial year:

            (a)   BCAL's statutory accounts, including directors' declaration and auditor's report as required under the laws of Hong Kong, which:

              (i)     give a true and fair view of the financial position and performance of BCAL's business as at the end of the financial year; and

              (ii)  which are prepared in accordance with accounting standards and principles which are generally accepted in Hong Kong;

            (b)   an unaudited return in substantially the same form as the Annual Audited Risk-Based Return, which accurately reflects