5
FRIDAY, JUNE 12, 1987
SPECIALISED NATURE AND THE APPOINTMENT OF SUCH THE PROPER DEVELOPMENT
THE SPOKESMAN ADDED THAT GIVEN THE INCREASING COMPLEXITY OF COMMODITY FUTURES, PERSONS WOULD BENEFIT THE COMMISSION AND THE FUTURES INDUSTRY IN HONG KONG.
OF
"IT IS NOTEWORTHY THAT THERE IS NO SUCH RESTRICTION RELATING
+ HE SAID. TO THE SECURITIES COMMISSION IN THE SECURITIES ORDINANCE,
USING
THE SPOKESMAN POINTED OUT THAT AS A SAFEGUARD AGAINST ANY IMPROPER USE OF INFORMATION, THE BILL ALSO PROPOSES TO AMEND SECTION 11(1) OF THE ORDINANCE TO PROHIBIT ANY PERSON FROM
INFORMATION OBTAINED IN THE COURSE OF EXERCISING ANY
FUNCTIONS UNDER THE ORDINANCE FOR GAIN OR AVOIDANCE OF LOSS.
DUTIES OR
OF
FOR
COMMISSIONER
BE PROHIBITED
"CIVIL SERVANTS IN THE OFFICE
THE
то WILL CONTINUE SECURITIES AND COMMODITIES TRADING WILL FROM TRADING IN COMMODITY FUTURES," HE SAID.
THE COMMODITIES TRADING (AMENDMENT) BILL 1987 IS EXPECTED TO BE INTRODUCED INTO THE LEGISLATIVE COUNCIL ON JUNE 17.
COMMENTS ON THE BILL MAY BE SENT TO THE OFFICE OF
AT TWO EXCHANGE COMMISSIONER FOR SECURITIES AND COMMODITIES TRADING SQUARE OR THE OMELCO OFFICE AT JACKSON ROAD.
THE
BILL TO ENSURE QUALITY INSURANCE MARKET PROPOSED
PROPOSED LEGISLATION
OVER
AIMED AT
ENTRY TO THE
ABOUT BRINGING LOCAL INSURANCE
A
QUALITY CONTROL PUBLISHED IN THE GAZETTE TODAY (FRIDAY).
MEANINGFUL
MARKET WAS
OF THE INSURANCE A GOVERNMENT SPOKESMAN SAID THE MAIN OBJECT
BILL 1987 IS TO GIVE THE INSURANCE
COMPANIES (AMENDMENT) (NO. 2)
AUTHORITY A DISCRETIONARY POWER TO REFUSE AN APPLICATION BY A COMPANY TO BE AN AUTHORISED INSURER ON A GROUND NOT SPECIFIED IN SECTION 8(2) AND (3) OF THE INSURANCE COMPANIES ORDINANCE.
/HE SAID