MONDAY, AUGUST 22, 1994
MOST CANDIDATES TOLD OF NOMINATION VALIDITY
AS AT TODAY
(MONDAY), MORE
THAN 750 CANDIDATES HAVE
BEEN
NOTIFIED BY RETURNING OFFICERS AS TO THE VALIDITY OF THEIR NOMINATIONS FOR THE DISTRICT BOARD ELECTIONS IN SEPTEMBER.
OF THE NOMINATIONS
THREE MORE CANDIDATES HAVE BEEN RULED INVALID. SO FAR, THE TOTAL NUMBER OF NOMINATIONS REJECTED WAS EIGHT.
FOR ONE WAS DUE TO CHEQUE
MR CHAN IN ORDER. HE WAS CENTRAL AND WESTERN DISTRICT.
PAYMENT OF ELECTION
NOT DEPOSIT KWOK-KWONG OF BELCHER CONSTITUENCY IN
ΤΑΙ WONG
SIN MR LIU SING-LEE OF WANG TAU HOM CONSTITUENCY IN
GROUNDS OF
NUMBER INSUFFICIENT DISTRICT WAS REJECTED ON
OF VALID
SUBSCRIBERS.
WAN DISTRICT MR FUNG CHAN-KI OF LEI MUK CONSTITUENCY IN TSUEN
MEETING THE REQUIREMENT OF WAS REJECTED ON GROUNDS OF NOT
HAVING ORDINARILY RESIDED IN HONG KONG DURING THE 10 YEARS IMMEDIATELY FOR IN THE ELECTORAL PRECEDING THE DATE OF NOMINATION, AS PROVIDED PROVISIONS ORDINANCE.
0
389 ELECTION COMPLAINTS LODGED
THE
REGISTRATION AND ELECTORAL OFFICE HAS RECEIVED A TOTAL 389 COMPLAINTS ON ELECTION-RELATED ACTIVITIES AS AT TODAY (MONDAY).
OF
ON
OF ALL THE COMPLAINTS, 300 WERE RELATED то ELECTION ADVERTISEMENTS, 41 ON ELECTIONEERING IN PRIVATE PREMISES AND 48 OTHER MATTERS.
OUT OF THE 389 CASES, ACTION FOR 250 CASES HAD BEEN COMPLETED.
0
LEVERAGED FOREIGN EXCHANGE TRADING LAW IN FORCE NEXT MONTH
THE LEVERAGED FOREIGN EXCHANGE TRADING SECTION 71, WILL BE IMPLEMENTED ON SEPTEMBER 1.
ORDINANCE,
EXCEPT
FINANCIAL
STEP
ANNOUNCING THIS TODAY (MONDAY), THE SECRETARY FOR SERVICES, MR MICHAEL CARTLAND, SAID THE ORDINANCE WAS A CRUCIAL IN THE CONTINUING IMPROVEMENT TO HONG KONG'S REGULATORY REGIME.
"IT PROVIDES THE NECESSARY PROTECTION FOR RETAIL INVESTORS TAKE PART IN LEVERAGED FOREIGN EXCHANGE TRADING, AN AREA WHICH BEEN THE SUBJECT OF FREQUENT INVESTOR COMPLAINTS IN THE PAST YEARS, HE SAID.
10
UNDER THE NEW FRAMEWORK, COMPANIES ENGAGED IN THE BUSINESS LEVERAGED FOREIGN EXCHANGE TRADING AND THEIR REPRESENTATIVES HAVE OBTAIN A LICENCE FROM THE SECURITIES AND FUTURES COMMISSION.
WHO
HAS
FEW
OF
TO
/THE COMMISSION