Date
|
3
Major event
14 December 1988
10 January 1989
18 January 1989
Late January to mid February 1989
20 February 1989
HKFE held its first EGM.
The reconstitution package marginally failed because of opposition from defaulting brokers.
ExCo considered the SFC Bill and noted the proposed funding and budgetary principles for the SFC. EXCO also advised that the Bill be introduced in LegCo.
commencement
First reading and
of second reading debate, by the Financial Secretary, Sir Piers Jacobs, of the SFC Bill in LegCo. A Leg Co Ad Hoc Group chaired by the Hon Stephen Cheong was formed to study the SFC Bill as well as SFC's budget and funding arrangements.
Agreement reached among concerned parties on the restructured lifeboat
in facility
the
futures market.
Securities Commission proposed to scrap the 0.025% SEHK transaction levy.
Agreement between the Financial Secretary and the Chairman of SEHK Council on a new statutory transaction levy of 0.025% to replace the SEHK transaction levy with the proceeds from the new levy to be shared equally between the SFC and
SEHK.
23 February 1989
HKFE held its second EGM.
HKFE's share The special
The resolutions on reorganising capital structure were passed. resolution on the reconstitution package, including proposed disenfranchisement of non-member shareholders, got 74.38% support from voting shareholders, thus narrowly missing the required 75% for adoption.
to
The appointment of Mr Eoghan McMillan succeed Mr Wilfrid Newton as the Chairman of
HKFE.