Date
|
Major event
6 March 1989
13 March 1989
12 April 1989
13 April 1989
28 April 1989
Mr Felix Chow was appointed Chief Executive of the new central clearing company.
The restructured lifeboat facility in the futures market became operational.
The
HKFE
operation.
Clearing
Corporation started
Resumption of second reading debate and third reading of the SFC Bill. About 270 amendments were Bill in the Committee Stage.
introduced to the
of review of securities
Enactment of the SFC ordinance. Second phase legislation began.
Governor appointed ten SFC directors, i.e five non-executive directors and five executive directors, the latter including the Chairman.
From onwards
May
1989
Work started to Mergers Code.
the revise
Takeovers
and
1 May 1989
5 May 1989
8 May 1989
Commencement of most SFC Ordinance.
of the provisions in the
Establishment of the SFC and disestablishment of the Office of the Commissioner for Securities and Commodities Trading.
Incorporation of the HK Securities Clearing Company, limited by guarantee and owned 50% by the SEHK and 50% by five major banks, with Mr Ronald Carstairs as the Chairman of the Board.
Governor appointed the Securities and Futures with Mr C. H. Wong as the
Appeals
Panel
Chairman.
9 May 1989
HKFE held its third EGM.
The full reconstitutional reforms along SRC
recommendations
shareholders.
were
adopted
by voting