Backlog in the Effice of the Commissioner for. Accurities
3. Mr. SOHMEN asked: Would the Government advise this Council
whether it is aware of the backlog of work faced by the Office of the Commissioner for Securities and inform the Council what is being done to improve the situation to avoid the Office of the Commissioner for Securities being seriously hampered in carrying out its statutory functions?
REPLY BY THE HONOURABLE THE FINANCIAL SECRETARY IN LEGISLATIVE COUNCIL . WEDNESDAY 9 DECEMBER 1987
FINANCIAL SECRETARY:
Yes, sir,
The Government is aware of the backlog of work faced by the Office of the Commissioner for Securities and, to enable it to cope with the present workload, 21 new posts are being created for the office in the current financial year. This represents an increase in its
per cent establishment of 21%, which is way above the 2 1/2 annual
2.5 per cent
growth rate intended for the civil service as a whole. The future staffing requirements of the office will be reviewed again when the findings and recommendations of the Securities Review Committee on its structure and
operation are available.
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