Money Changers Ordinance

(1)
If a money changer is prepared to enter into a Hong Kong dollar exchange
                transaction for any of the currencies prescribed in
Schedule 3
, the money
                changer shall maintain a board displaying the current net rate of exchange offered
                by him to customers for both buying and selling the
                currencies.
(2)
If a money changer maintains more than one board displaying net rates of exchange, he shall display, on all of the boards, identical information relating to the net rates of exchange displayed.
(3)
A money changer
shall—
(a)
provide a sufficiently large board to display the net rates of exchange in a clearly visible and legible manner to the customer; and
(b)
place the board in a well lit place where the customer has an unobstructed view of the board.
(4)
A money changer shall display on the board the net rate of exchange which is least favourable to the customer and may offer a net rate of exchange that is not shown on the board if the offered rate is more favourable to a customer.
(5)
A money changer shall display on the board, and set out in any note issued under
section 7(1)
, the buying and selling net rates of exchange under the headings “we buy” and “we sell” respectively.
(6)
A money changer may display a net rate of exchange in multiple units of 10 or 100 units of foreign currency with a corresponding adjustment to the Hong Kong dollar figure.
(7)
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
)