3
MONDAY, APRIL 11, 1994
AN
OPPORTUNITY
IT WILL ALSO PROVIDE
FOR BILATERAL MEETINGS BETWEEN MINISTERS AND SENIOR TRADE OFFICIALS ATTENDING THE CONFERENCE. MR CHAU IS SCHEDULED TO HAVE BILATERAL MEETINGS WITH FROM 10 ECONOMIES PARTICIPATING IN THE CONFERENCE.
TRADE MINISTERS
IN ADDITION, HE WILL ALSO ATTEND AN INFORMAL MEETING PACIFIC ECONOMIC CO-OPERATION (APEC) TRADE MINISTERS MARRAKESH.
OF ASIAN PRESENT IN
OTHER MEMBERS OF THE HONG KONG DELEGATION INCLUDE THE GENERAL AGREEMENT ON PERMANENT REPRESENTATIVE TO TRADE (GATT), MR JOSEPH WONG: AND THE DEPUTY DIRECTOR-GENERAL TRADE, MR CHRISTOPHER JACKSON.
HONG KONG'S TARIFFS AND
OF
0
INSIDER DEALING TRIBUNAL TO HOLD HEARING
*
+
THE GOVERNMENT ANNOUNCED TODAY (MONDAY) THAT THE GOVERNOR APPOINTED TWO LAY MEMBERS TO THE INSIDER DEALING TRIBUNAL AND FIRST TRIBUNAL HEARING WOULD BEGIN SOON.
HAD
THE
THE SECURITIES (INSIDER DEALING) ORDINANCE STIPULATES THAT THE INSIDER DEALING TRIBUNAL SHALL COMPRISE A CHAIRMAN, WHO MUST ВЕ A JUDGE APPOINTED FOR A TERM OF THREP YEARS, AND TWO MEMBERS APPOINTED ON A CASE BY CASE BASIS.
PURSUANT TO SECTION 15(2) OF THE ORDINANCE, THE GOVERNOR APPOINTED MR JUSTICE STOCK CHAIRMAN OF THE INSIDER DEALING TRIBUNAL IN LATE DECEMBER 1993.
AFTER THAT APPOINTMENT, THE FINANCIAL SECRETARY, IN EXERCISE OF HIS AUTHORITY UNDER SECTION 16(2) OF THE ORDINANCE, REFERRED TO THE TRIBUNAL A CASE INVOLVING DEALINGS IN THE SHARES OF SUCCESS HOLDINGS LIMITED IN MID-1992 FOR AN INQUIRY.
ON MARCH 28 THIS YEAR, THE GOVERNOR APPOINTED MR PATRICK YEUNG KAI-CHEUNG AND MR DEREK MURPHY TRIBUNAL MEMBERS TO HEAR THIS CASE.
MR YEUNG IS AN ACCOUNTANT AND THE EXECUTIVE DIRECTOR OF HWA KAY THAI HOLDINGS LTD, A LISTED COMPANY IN HONG KONG.
MR MURPHY IS GROUP VICE-PRESIDENT OF THE FIRST PACIFIC COMPANY LIMITED, A LISTED INVESTMENT AND MANAGEMENT COMPANY.
THEY ARE APPOINTED ON A PERSONAL BASIS IN THE LIGHT OF THEIR EXPERIENCE IN THE LOCAL FINANCIAL SECTOR.
THE ORDINANCE WAS IMPLEMENTED IN SEPTEMBER 1991 TO REPLACE PART OF THE SECURITIES ORDINANCE CONCERNED WITH ALLEGED INSIDER DEALING.
THE NEW ORDINANCE CONTAINS PROVISIONS DESIGNED FO EFFECTIVELY WITH INSIDER DEALING.
DEAL MORE
/IN THE