WEDNESDAY, JULY 18, 1990
SECURITIES AND FUTURES COMMISSION (AMENDMENT) (NO. 2) BILL EXPLAINED
1990
BILL
THE SECURITIES AND FUTURES COMMISSION (AMENDMENT) (NO. 2) SEEKS TO SPECIFY THAT THE PROPOSED POWER IN THE EXCHANGES UNIFICATION (AMENDMENT) BILL 1990 TO RECOGNISE A CLEARING HOUSE FOR CANNOT SECURITIES TRANSACTIONS AND APPROVE ITS RULES AND CONSTITUTION
SAID BE DELEGATED, THE FINANCIAL SECRETARY, THE HON SIR PIERS JACOBS, TODAY (WEDNESDAY).
AND
MOVING THE SECOND READING OF THE BILL IN THE LEGISLATIVE COUNCIL, SIR PIERS SAID THAT IN THE PASSAGE OF THE SECURITIES FUTURES COMMISSION BILL THROUGH THIS COUNCIL IN 1989, MEMBERS WERE CONCERNED THAT IMPORTANT FUNCTIONS OF THE SECURITIES AND FUTURES COMMISSION SHOULD BE RESERVED FOR DECISION BY THE FULL COMMISSION.
"SCHEDULE 1 TO THE SECURITIES AND FUTURES COMMISSION ORDINANCE SPECIFIES A NUMBER OF FUNCTIONS THE PERFORMANCE OF WHICH ARE NOT TO BE DELEGATED BY THE COMMISSION TO ITS COMMITTEES, INDIVIDUAL DIRECTORS OR STAFF.
"AMENDMENTS TO THIS SCHEDULE CAN ONLY BE EFFECTED BY A RESOLUTION OF THIS COUNCIL, SIR PIERS SAID.
11
DEBATE ON THE BILL WAS ADJOURNED.
ENTRY POINT FOR TAIWANESE UNIVERSITIES' GRADUATES BEING CONSIDERED
HOLDERS THE EDUCATION DEPARTMENT IS CONSIDERING WHETHER DEGREE
UNIVERSITIES AND
OF HOLDERS FROM TAIWAN
OTHER NON-STANDARD REVISED, THE SECRETARY QUALIFICATIONS SHOULD HAVE THEIR ENTRY POINT
THE LEGISLATIVE FOR EDUCATION AND MANPOWER, THE HON K.Y. YEUNG, TOLD COUNCIL TODAY (WEDNESDAY).
SHORTLY
POLICY
BRING FINALISED AND
BRANCHES
WOULD FOR
THE RESULTS OF THIS EXERCISE WERE
BE FORWARDED
THE RELEVANT
CONSIDERATION, HE ADDED.
TO
FROM THE
HON SZETO WAH, MR YEUNG EVER BREN HIRED ΤΟ
IN REPLY TO A QUESTION STRESSED THAT NO TAIWAN UNIVERSITY GRADUATE HAD TEACH IN GOVERNMENT SCHOOLS IN HONG KONG.
THE
BUT
ANY
"THE DISCREPANCY BETWEEN
ENTRY POINT SPECIFIED BY THE
REGRETTABLE CIVIL SERVICE BRANCH AND THE EDUCATION DEPARTMENT IS
AS MUCH AS THEORETICAL, IN
ITS EXISTENCE HAS NOT AFFECTED TEACHER," HE SAID.
/MR YEUNG *******
4
A