2
3.
Endorsing the Exchange's initiative, the Financial
Secretary, MI David Nendick, said 'the initiative shown by
the Management Committee of the SEHK is a commendable move
which will speed up implementation of the Securities Review
demonstrates also Committee recommendations.
It
the
Exchange's willingness to co-operate with the Government in ensuring that Hong Kong's securities industry play its full
part
maintaining in
financial centre'.
4.
Mr
Nendick
our
position
as
an
international
indicated
if that
the Exchange's
voluntary efforts were to fail, regretfully, the Government
would have to consider the option of bringing about the
necessary changes through legislation.