TUESDAY, JULY 3, 1990

COMMODITIES TRADING ORDINANCE (CAP. 250)

S.26(2) & (3)

EVERY DIRECTOR/ EMPLOYEE OF A CORPORATION SHOULD

· BE REGISTERED WITH THE SFC BEFORE THE CORPORATION MAY CONDUCT BUSINESS.

SEE S.48(1A) AND 49(1A) OF SECURITIES ORDINANCE ABOVE.

$.46

3.50

SIMILAR TO S.84 OF ABOVE.

SECURITIES ORDINANCE

SIMILAR TO S.88 OF ABOVE.

SECURITIES ORDINANCE

SECURITIES AND FUTURES COMMISSION ORDINANCE (ORD. NO. 10/89)

S.23(2)(B)

S.27

A CORPORATE

APPLICANT TO SATISFY THE SFC THAT EACH OF ITS DIRECTORS AND OFFICERS ARE FIT AND PROPER.

EVERY REGISTERED PERSON TO NOTIFY THE SFC IN ADVANCE OF THE LOCATION WHERE BUSINESS RECORDS ARE KEPT OR INTENDED TO BE KEPT.

ENORMOUS DIFFICULTIES FOR LARGE

INTERNATIONAL

CORPORATIONS WITH HUNDREDS OF DIRECTORS AND OFFICERS.

INFORMATION FROM SELECTED DIRECTORS AND OFFICERS MAY SUFFICE.

SOME RECORDS ARE KEPT BY STORAGE COMPANIES. DEALERS HAVE NO CONTROL OVER THEIR MOVEMENT BETWEEN WAREHOUSES.

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