Money Changers Ordinance

(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
)