Money Changers Ordinance

In this Ordinance, unless the context otherwise
requires—
board
(
告示牌
) means a device used for displaying the net
            rates of exchange required under this Ordinance and includes a video display
                screen;
(Added
9 of 1989 s. 4
)
buy
(
買入
) means, in relation to a Hong Kong dollar
            exchange transaction, to buy foreign currency from a customer and includes an offer to
                buy;
(Added
9 of 1989 s. 4
)
currency
(
貨幣
) includes a cheque and a traveller’s
            cheque;
exchange
                transaction
(
兌換交易
) means a transaction between a money
            changer and another person relating to the exchange of different currencies;
hotel
(
酒店
) has the meaning assigned to it by
section 2
of the Hotel Proprietors Ordinance (
Cap.
                158
);
money
                    changer
(
貨幣兌換商
) means a person who carries on in Hong
                Kong the business of exchanging currencies, not being a business
which—
(a)
is a service provided and operated by that person primarily for the convenience of guests of an hotel managed by him;
(b)
is carried on within the hotel premises; and
(c)
consists solely of transactions for the purchase by that person of other currencies in exchange for Hong Kong currency;
net
                rate of
            exchange
(
淨匯率
) means when a money changer buys or sells
            Hong Kong dollars, the net price per unit of foreign currency, expressed in Hong Kong
            dollars, that the money changer is prepared to exchange for the foreign currency
            tendered or requested by the customer, after deducting all charges and
                commissions;
(Added
9 of 1989 s. 4
)
sell
(
賣出
) means, in relation to a Hong Kong dollar
            exchange transaction, to sell foreign currency to a customer and includes an offer to
                sell;
(Added
9 of 1989 s. 4
)
sign
(
簽署
) includes to affix a chop or mark;
(Added
9 of 1989 s. 4
)
transaction
                note
(
交易單據
) means a note of an exchange
                transaction.
(Added
9 of 1989 s. 4
)