+
THURSDAY, JUNE 2, 1988
"AND OF COURSE WE DO NEED TO HAVE SOME INTERESTED PARTIES AND THE PUBLIC AT LARGE,"
RESPONSE FROM
HE NOTED THAT IT WAS MADE QUITE CLEAR WHEN THE GOVERNMENT SET UP THE COMMITTEE THAT IT WOULD BE FORWARD LOOKING.
PAST.
"WE DIDN'T WANT IT TO LOOK INTO THE TRY AND APPORTION BLAME. AND IT HASN'T DONE SO.
WE DIDN'T WANT то
"AND OBVIOUSLY IT HAS HAD TO EXPRESS CERTAIN VIEWS ON CERTAIN ASPECTS OF WHAT WAS GOING ON PRIOR TO THE APPOINTMENT OF THE COMMITTEE.
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IN REPLY TO A QUESTION ON WHETHER THERE WERE ANY PARTS IN THE REPORT THAT SHOULD BE IMPLEMENTED IMMEDIATELY, MR JACOBS SAID AN IMPLEMENTING TEAM HAD BEEN SET UP AND WOULD BE GOING THROUGH THE
REPORT.
WITH
"IF THERE ARE SOME RECOMMENDATIONS THAT WE CAN DEAL QUICKLY AND EASILY AND NEED TO BE DEALT WITH QUICKLY, YES, THEN WE CAN PICK THEM UP,
I
MR
ON WHETHER THE ONE-MONTH CONSULTATION PERIOD WAS ADEQUATE, JACOBS SAID THIS WAS ADEQUATE, ADDING THAT MR DAVISON AND HIS COMMITTEE HAD CONSULTED INTERESTED PARTIES THROUGHOUT THE COURSE OF PREPARING THEIR REPORT.
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'ACTUALLY A LOT OF PEOPLE ALREADY HAVE HAD THE OPPORTUNITY OF EXPRESSING VARIOUS VIEWS AND GIVING INFORMATION TO THE COMMITTEE,'
HE SAID.
EXCO ENDORSES BILL ON FUTURES EXCHANGE AGM
THE EXECUTIVE COUNCIL HAS ENDORSED A BILL THAT SEEKS TO ENABLE THE GOVERNMENT-APPOINTED DIRECTORS OF THE HONG KONG FUTURES EXCHANGE LIMITED (HKFE) TO STAY ON UNTIL THE END OF MARCH NEXT YEAR TO ALLOW MORE TIME FOR PROCESSING THE RECOMMENDATIONS OF THE SECURITIES REVIEW COMMITTEE (SRC).
A GOVERNMENT SPOKESMAN SAID TODAY (THURSDAY) THAT THE HONG KONG FUTURES EXCHANGE LIMITED (TEMPORARY PROVISIONS) BILL 1988 WOULD EMPOWER THE FUTURES EXCHANGE TO DELAY HOLDING ITS 1988 ANNUAL GENERAL MEETING FOR SIX MONTHS WITH PROVISION FOR A FURTHER EXTENSION OF THREE MONTHS UPON RESOLUTION OF THE LEGISLATIVE COUNCIL.
OF THE
THE PROPOSED LEGISLATIVE AMENDMENT IS AN INTERIM MEASURE AIMED AT FACILITATING THE EXAMINATION AND POSSIBLE IMPLEMENTATION SRC RECOMMENDATIONS.
/THE SPOKESMAN
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