34
WEDNESDAY, OCTOBER 28, 1992
GAMBLING (AMENDMENT) BILL 1992
1
A BILL SEEKING TO EXEMPT CERTAIN CONTRACTS FOR DIFFERENCES FROM WAS INTRODUCED INTO APPLICATION THE
OF THE GAMBLING ORDINANCE THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
OF
BILL THE GAMBLING (AMENDMENT) MOVING THE SECOND READING
SAID THE 1992, THE SECRETARY FOR MONETARY AFFAIRS, MR DAVID NENDICK,
HONG KONG AS AN DEVELOPING WAS BILL
A POSITIVE STEP TOWARDS ATTRACTIVE MARKET FOR WARRANTS AND OTHER CONTRACTS FOR DIFFERENCES.
THE SECRETARY SAID THE EXISTING LEGAL AMBIGUITIES
DIFFERENCES
WHICH
DIFFERENCES.
SUCH
WERE AS
BILL ALSO RELATING TO PRODUCTS SETTLED
BY
CASH
SETTLED
OPTIONS
ON
ΤΟ AIMED THOSE OTHER CONTRACTS
OF PAYMENT
OR SHARES
CLARIFY
CERTAIN
FOR
CASH OTHER
SECURITIES.
HE
PROPOSED
THE DISAPPLY TO
GAMBLING
SAID THE BILL WAS
ORDINANCE TO CONTRACTS FOR DIFFERENCES WHICH WERE:
*
LISTED ON THE STOCK EXCHANGE OF HONG KONG;
IS
ENTERED INTO AS THE RESULT OF
WHICH OR DOCUMENT SECTION 4 (1) OF THE PROTECTION OF INVESTORS ORDINANCE;
AN ADVERTISEMNET, EXCLUDED FROM THE
INVITATION
APPLICATION
OF
*
ENTERED INTO BY AN EXEMPT
DEALER OR A DEALER REGISTERED UNDER THE SECURITIES ORDINANCE; OR
*
ENTERED INTO BY A DEALER REGISTERED TRADING ORDINANCE.
UNDER THE COMMODITIES
DEBATE ON THE BILL WAS ADJOURNED.
CONSIDERATIONS FOR A REFERENDUM EXPLAINED
THE TECHNICAL DIFFICULTIES IN
KONG WILL
VERY MUCH
SECRETARY FOR CONSTITUTIONAL
A DEPEND ON
AFFAIRS,
HOLDING A NUMBER OF
MR MICHAEL
REFERENDUM CONSIDERATIONS,
SZE, SAID
IN HONG THE TODAY
{WEDNESDAY).
IN A WRITTEN
REPLY
TO
IN THE
A
COUNCIL, LEGISLATIVE
ΤΟ NEED
WOULD LEGISLATION
REFERENDUM; WHAT QUESTIONS
RESULTS WERE TO
POLLING ARRANGEMENT.
A QUESTION MR SZE SAID
BE
ENACTED
WERE
BE
BINDING
то BE OR ADVISORY;
HON BY THE
INCLUDED THESE
PROVIDE TO
WHETHER ASKED;
HENRY TANG WHETHER
FOR THE
THE
VOTING
FRANCHISE; THE
AND THE
/ON THE