1988-06-01
18:25
G.I.S
14
P. 12/13
(2) Licensing
father than
securities
have
intermediaries
co show
that they
registration
05
that all will
are fit and proper
persons and pass tests of honesty, competence
and solvency. AS to the latter we do not
recommend a
requirements
significant
increase in capital
See Chapter X.
(3)
We
discuss the obligations of listed
companies,
particularly with regard to
accounting and disclosure in Chapter XII.
(4)
Finally in Chapter XIII we address a number
of other areas which
important, we
were
although extremely
unable to resolve in the
limited time at our disposal.
recommendations
study.
for further
Here we make
examination and
Bearing in mind that my
discharged We think it
Committee has now been
essential that
we
put all our
arguments forward. After all we only have one bits at the
cherry.
the report is therefore lengthy and I hope fully
argued. It is now up to the authorities and the securities
markets to implement
will.
Our plans and I am sure that they