I

MONDAY, JANUARY 7, 1991

'ASSUMING THAT THE PRESENT DEADLOCK IN THE URUGUAY RESOLVED AND AN AGREEMENT ON TRADE IN SERVICES IS REACHED, CONSIDER THE LIKELY CONSEQUENT IMPLICATIONS AND CHALLENGES PROFESSION IN HONG KONG.

ROUND IS WE MUST FOR THE

REQUIREMENTS

ON

"THE MAIN IMPLICATION WILL BE TO ENSURE THAT ANY WE SET FOR ADMISSION OF LAWYERS IN HONG KONG SHOULD BE MAINTAINED THE BASIS OF FAIR AND OBJECTIVE STANDARDS.

"I WISH TO REASSURE YOU THAT NOTHING IN THE POSSIBLE TRADE OBJECTIVE SERVICES AGREEMENT WILL UNDERMINE HONG KONG'S PRIMARY ENSURE THAT THE COMMUNITY OF HONG KONG WILL CONTINUE TO BE SERVED LAWYERS OF COMPETENCE, EXPERIENCE AND INTEGRITY."

IN

TO

BY

MR MATHEWS SAID IN THIS CONTEXT THE ADMINISTRATION, THE BAR AND EVOLVE RULES AND THE LAW SOCIETY HAD BEEN HARD AT WORK SEEKING TO CRITERIA FOR ADMISSION REQUIREMENTS FOR LAWYERS IN HONG KONG.

AGREEMENT RESULTING "WE ARE CONSIDERING THE IMPACT THAT ANY FROM THE TRADE IN SERVICES NEGOTIATIONS MIGHT HAVE ON THE PROVISION OF LEGAL SERVICES IN HONG KONG.

"THE SUBJECT IS FAR-REACHING AND COMPLEX, BUT EQUALLY IT IS ONE DEAL OF WHICH WE ALL REGARD AS HAVING A HIGH PRIORITY AND A GOOD PROGRESS HAS ALREADY BEEN MADE.

OF RIGHTS AND IT IS UP

"THERE EXIST,

LEAST BECAUSE OF THE BILL NOT BECAUSE OF EUROPE, GREAT CHALLENGES AND GREAT OPPORTUNITIES.

MR MATHEWS SAID. TO US TO DECIDE WHETHER WE WISH TO GRASP THEM,'

++

GOVERNMENT CONTINUES ITS EFFORT IN PROTECTING INVESTORS

ENSURING THAT OF NON- DAVID

THE GOVERNMENT HAS CONTINUED TO WORK TOWARDS APPROPRIATE MEASURES ARE IN PLACE FOR THE PROPER PROTECTION PROFESSIONAL INVESTORS, THE SECRETARY FOR MONETARY AFFAIRS, MR NENDICK, SAID TODAY (MONDAY).

I

THE

LAUNCHING CEREMONY

RTHK'S

OF

"MONEY SPEAKING AT

WORKING PROGRAMME' THIS AFTERNOON, MR NENDICK SAID THE GOVERNMENT WAS

AND THE STOCK CLOSELY WITH THE SECURITIES AND FUTURES COMMISSION

AND EXCHANGE TO ENSURE FAIR TRADING AND THE AVAILABILITY OF RELEVANT TIMELY INFORMATION TO ALL INVESTORS.

THE SECURITIES (INSIDER DEALING) ORDINANCE WAS JULY LAST YEAR, MR NENDICK NOTED.

"IT

ENACTED IN

INSIDER DEALING

ON

SANCTIONS IMPOSE

PROVIDES A COMPREHENSIVE DEFINITION OF AND EMPOWERS THE INSIDER DEALING TRIBUNAL TO PEOPLE FOUND TO HAVE BEEN INVOLVED IN INSIDER DEALING.

/"SUCH SANCTIONS

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