:
8
WEDNESDAY, DECEMBER 4, 1991
то
ΤΟ
REGRETTABLY,
OF A
ASPECT
THIS PROPOSE TO
THE SAFEGUARD JUDGES OF FINAL FREE FROM
THE MOTION ALSO FOCUSSES NARROWLY, AND TO MY MIND ON THE NUMBER OF JUDGES FROM OTHER COMMON LAW JURISDICTIONS WHO MAY BE INVITED
SIT ON THE
BUT THAT IS ONLY ONE CFA. COMPREHENSIVE SET OF MEASURES WHICH WE INTEND TO COUNCIL.
MEASURES WILL INCLUDE PROVISIONS THESE INDEPENDENCE AND INTEGRITY OF THE COURT, SO THAT APPEAL WILL BE ABLE TO EXERCISE THEIR JUDICIAL FUNCTIONS EXECUTIVE INTERFERENCE. THEY WILL BE SET OUT VERY CLEARLY IN THE BILL AS I HAVE FOR
DRAFTING. PROVIDING
THE COURT WHICH WE ARE NOW MENTIONED IN AN EARLIER DEBATE IN THIS COUNCIL, WE WILL BE SHARING OUR WHEN WE INTRODUCE THE IDEAS WITH MEMBERS, AND THE LEGAL PROFESSION.
PASS YOUR BILL INTO THIS COUNCIL, THAT WOULD BE THE RIGHT MOMENT TO
ARE PROPOSE JUDGMENT ON
OR NOT THE ARRANGEMENTS WHICH WHETHER SATISFACTORY.
WB
THIS
MR DEPUTY PRESIDENT, MANY MEMBERS WILL NO DOUBT SPEAK IN DEBATE AND EXPRESS THEIR PREFERENCE FOR MORE FLEXIBILITY FOR THE COURT OF FINAL APPEAL. BUT I HOPE MEMBERS WILL CONSIDER VERY CAREFULLY WHAT IT IS NOT THEY THINK IS RIGHT IN THE LIGHT OF THE REAL SITUATION.
MEMBERS SHOULD ASK JUST A QUESTION OF MORE, OR LESS FLEXIBILITY.
WHETHER THEMSELVES
IT
THE IS RIGHT TO PUT AT RISK
KEY OBJECTIVE,
FINAL APPEAL SECURED BY THE JLG AGREEMENT, OF SETTING UP A COURT OF WELL BEFORE 1997 WHICH IS GUARANTEED TO CONTINUE UNALTERED BEYOND THAT DATE. OR WHETHER MEMBERS ARE WILLING TO SUSPEND THEIR THE TIME BEING UNTIL THEY HAVE A CHANCE TO EXAMINE WHOLE PACKAGE OF ARRANGEMENTS FOR THE ESTABLISHMENT OF THAT COURT. BELIEVE THE LATTER COURSE IS THE PRUDENT COURSE TO TAKE.
THANK YOU, MR DEPUTY PRESIDENT.
JUDGMENT THOROUGHLY
FOR THE
I
-
THREE BILLS TO FACILITATE AUDITORS TO REPORT FRAUD INTRODUCED
* * *
REPORTING OF FRAUD INTO THE LEGISLATIVE
DETECTED COUNCIL
THREE BILLS WHICH SEEK TO FACILITATE BY AUDITORS WERE INTRODUCED TODAY (WEDNESDAY).
THE
THEY ARE THE SECURITIES AND FUTURES COMMISSION (AMENDMENT) (NO. 2) BILL 1991, THE COMMODITIES TRADING (AMENDMENT) (NO. 2) BILL 1991 AND THE SECURITIES (AMENDMENT) (NO. 3) BILL 1991.
COMMISSION MONETARY AFFAIRS, SECURITIES AND
MR DAVID COMMODITIES
MOVING THE SECOND READING OF THE SECURITIES AND FUTURES (AMENDMENT) (NO. 2) BILL 1991, THE SECRETARY FOR
NENDICK, SAID AT
UNDER PRESENT,
THE
TRADING
THE ORDINANCES,
SCOPE OF THE REPORTING REQUIREMENTS FOR AUDITORS WAS VERY LIMITED AND DID NOT FRAUD OR ILLEGAL DEALINGS COVER, FOR INSTANCE, CIRCUMSTANCES WHERE HAD BEEN DETECTED.
HE SAID THE ADMINISTRATION
BELIEVED TOMMISSION (SFC)
ABLE TO REPORT TO THE SECURITIES AND FUTURES OF MATERIAL CONCERN SO AS TO PROTECT THE INTERESTS PRESERVE THE INTEGRITY OF THE MARKETS.
AUDITORS
OF INVESTORS
SHOULD BE MATTERS AND
/"IN RETURN