Sections 10(j), 11(1)(b), 11(1)(d) and
11A(4) are repealed.
(2) Section 25A(1) is amended by repealing "at such
time as may be specified by the Broadcasting Authority".
Explanatory Memorandum
The purpose of this Bill is to amend and extend
the law relating to television. Its provisions, if
enacted, will result in the following major changes in the
law as it is at present
(a)
(b)
not more than 49% of the voting rights carried by
the shares in a licensed television broadcasting
company (a "licensee") will be allowed to be
exercised by persons or companies which do not
satisfy certain residential or other criteria
contained in the Bill - clause 13 (section 17C),
(at present not less than 25% of the voting
shares of a licensee are required to be
beneficially owned by persons or companies
ordinarily resident in Hong Kong);
a company or other person who does not satisfy
certain residential or other criteria will not be
able to hold more than 10% of the voting shares