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MONDAY, MAY 22, 1989
APPOINTMENT OF SFC ADVISORY COMMITTEE
THE ACTING FINANCIAL SECRETARY, MR DAVID TODAY MONDAY) THAT THE GOVERNOR HAD APPOINTED 12 THE ADVISORY COMMITTEE (AC) OF THE SECURITIES AND (SFC) UNDER SECTION 10 OF THE SFC ORDINANCE.
NENDICK,
ANNOUNCED
MARKET FUTURES COMMISSION
MEMBERS TO
THE 12 MEMBERS ARE MR RONALD ARCULLI, MR CHAN SUN-SUN, MR VICTOR FUNG KWOK-KING, MR RAYMOND KWOK PING-LUEN, MR STUART LECKIE, MR PETER NORRIS, MR GEOFFREY PICARD, MR LINCOLN 800 HUNG-LEUNG, MR CHARLES SOO CHEN-JEN, MR HIDEO SUZUKI, MR ROBERT THOMAS AND MR ZHANG XUE-YAO.
THEY WERE ALL APPOINTED FOR A PERIOD OF ONE YEAR WITH EFFECT FROM MAY 1, 1989.
THE ADVISORY COMMITTEE CONSISTS OF 15 MEMBERS, NAMELY THE 12 GOVERNOR-APPOINTED MARKET MEMBERS, TWO SFC EXECUTIVE DIRECTORS ΤΟ BE APPOINTED BY THE SFC AND THE CHAIRMAN OF THE SFC WHO WILL PRESIDE AC MEETINGS.
AT
"THE AC WILL ADVISE THE SFC ON POLICY MATTERS RELATED TO THE MARKETS. ITS MEMBERS ARE DRAWN FROM A WIDE SPECTRUM OF THE SECURITIES, FUTURES AND INVESTMENT MANAGEMENT INDUSTRIES, AS WELL AS FROM THE RELEVANT PROFESSIONS, MR NENDICK SAID.
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"THE AC WILL PROVIDE A READY ACCESS TO THE SFC OF OUTSIDE EXPERT ADVICE, IN PARTICULAR FROM SECURITIES MARKET PRACTITIONERS. WILL THUS PROVIDE AN IMPORTANT LINK BETWEEN THE SFC AND THE MARKETS," HE ADDED,
MR RONALD ARCULLI, A SOLICITOR BY PROFESSION, IS A LEGISLATIVE COUNCILLOR AND THE DEPUTY CONVENOR OF THE LEGCO AD HOC GROUP WHICH STUDIED THE SFC BILL.
MR CHAN SUN-SUN IS A SENIOR EXECUTIVE DIRECTOR OF THE SUN HUNG SECURITIES LIMITED AND WAS A MEMBER OF THE NOW DISSOLVED COMMODITIES TRADING COMMISSION.
KAI
LTD.
MR VICTOR FUNG IS THE CHAIRMAN OF PRUDENTIAL ASIA CAPITAL AND DEPUTY CHAIRMAN OF LI AND FUNG LTD, HE WAS A MEMBER OF THE NOW DISSOLVED SECURITIES COMMISSION.
MR RAYMOND KWOK IS AN EXECUTIVE DIRECTOR OF THE SUN HUNG KAI PROPERTIES LTD. HE IS A MEMBER OF THE DEPOSIT-TAKING COMPANIES ADVISORY COMMITTEE AND OF THE STANDING COMMITTEE ON COMPANY LAW REFORM.
MR STUART LECKIE IS THE MANAGING DIRECTOR AND ACTURARY OF THE WYATT COMPANY (H.K.) LTD. HE IS A MEMBER OF THE INSURANCE ADVISORY COMMITTEE AND CHAIRMAN OF THE COMMITTEE ON INVESTMENT-LINKED LIFE ASSURANCE AND POOLED PROVIDENT FUNDS.
MR PETER