Condition in
the Hutchvision Licence
(2)
Majority of
directors
shall be
ordinarily
resident in HK
Reasons for
inclusion in the Hutchvision Licence
to prevent foreigners exercising control of the station
2 -
Proposed approach in the revamped regime
Justification for
the proposed approach
condition to be
removed, but
(i)
Licensee will be
required to have at
least one local principal officer as a contact point
for regulatory
(ii)
matters.
There is no reason
to impose the
restriction on
regional
broadcasters.
to be compatible
with the relaxation
of (1)
(3)
Company must
for the purposes of
be
taxation/enforcement
condition to be
retained
(i)
incorporated
and registered
in HK
under the Companies
Ordinance
A bona-fide
business operator
should have at
least some presence
in HK.