XN000022-1987-12-11 — Page 15

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FRIDAY, DECEMBER 11. 1987

SECURITIES AMENDMENT NOTICE 1987 GAZETTED

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LIQUID

("THE

THE SECURITIES (SPECIFICATION OF APPROVED ASSETS, ASSETS AND RANKING LIABILITIES) (AMENDMENT) NOTICE 1987 AMENDMENT NOTICE") WAS PUBLISHED IN THE GOVERNMENT GAZETTE TODAY (FRIDAY).

THE AMENDMENT NOTICE, MADE BY THE SECURITIES COMMISSION PURSUANT TO SECTION 65B OF THE SECURITIES ORDINANCE, AMENDS THE SECURITIES (SPECIFICATION OF APPROVED ASSETS, LIQUID ASSETS AND RANKING LIABILITIES) NOTICE 1986 ("THE SPECIFICATION NOTICE").

IN THE LIGHT OF REPRESENTATIONS MADE BY THE STOCK EXCHANGE OF HONG KONG LIMITED, THE HONG KONG SOCIETY OF ACCOUNTANTS, THE LAW SOCIETY OF HONG KONG, THE HONG KONG DEPOSIT-TAKING COMPANIES ASSOCIATION AND FINANCIAL INSTITUTIONS, THE SECURITIES COMMISSION HAS INTRODUCED CERTAIN AMENDMENTS TO THE SPECIFICATION NOTICE TO TAKE INTO ACCOUNT NEW DEVELOPMENTS IN THE FINANCIAL MARKET AND AMENDMENTS CONSIDERED NECESSARY IN THE LIGHT OF EXPERIENCE.

AS A RESULT OF THE AMENDMENTS, CERTAIN OVERSEAS SECURITIES, CERTAIN TYPES OF COMMERCIAL PAPERS, CONTRIBUTIONS ΤΟ THE STOCK EXCHANGE'S COMPENSATION FUND ETC ARE NOW INCLUDED AS "APPROVED ASSETS** FOR THE PURPOSE OF THE SPECIFICATION NOTICE.

PRISONERS REGULATIONS GAZETTED

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THE PRISONERS (RELEASE UNDER SUPERVISION) REGULATIONS WHICH PROVIDE FOR REGULATING PROCEEDINGS OF THE RELEASE SUPERVISION BOARD SCHEDULED TO BE ESTABLISHED IN MID-1988 SECTION 3 OF THE PRISIONERS (RELEASE UNDER SUPERVISION) ORDINANCE GAZETTED TODAY (FRIDAY).

THE REGULATIONS ALSO PRESCRIBE THE CONSIDERATIONS THAT GOVERN THE DELIBERATIONS OF THE BOARD AND THE TYPES OF CONDITION MAY BE SPECIFIED IN SUPERVISION ORDERS.

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1987

UNDER

UNDER

ARE

WILL

THAT