WEDNESDAY, JULY 19, 1989
30
SUB-SECTION
E
AUTHORISED
ON THE SECOND AMENDMENT, MR NENDICK SAID: "A NEW (5) IS ADDED TO PROVIDE A REVISED DEFINITION OF REPRESENTATIVE', PRESENTLY IN CLAUSE 2, ΤΟ MAKE IT CLEAR THAT IT MEANS ANY PERSON IN HONG KONG AUTHORISED BY AN OVERSEAS ISSUER IN RELATION TO THE ADVERTISEMENT IN QUESTION.
"WE DO NOT INTEND THAT THE REPORTING OBLIGATION SHOULD FALL UPON A GENERAL AGENT OR PROFESSIONAL ADVISER WHO MAY NOT BE AUTHORISED OR ABLE TO SUPPLY THE INFORMATION REQUIRED.
THE THIRD AMENDMENT. MR NENDICK SAID, WAS ΤΟ ADD A NEW SUB-SECTION (4) TO MAKE IT CLEAR THAT SECTION 7A DID NOT APPLY TO ANY ADVERTISEMENTS WHICH WERE ALREADY EXEMPT BY VIRTUE OF SECTION 4(3) AND
(5).
"IT IS NOT OUR INTENTION TO AFFECT EXISTING EXEMPTIONS ENJOYED BY PROFESSIONALS OR SUPERVISED PERSONS UNDER- THESE PROVISIONS, HE
EXPLAINED.
་་
MR NENDICK ALSO PROPOSED THE DELETION OF A NEW SECTION G OF CLAUSE 5 WHICH GRANTED AN IMMUNITY TO PUBLIC OFFICERS AND THE COMMISSION AND ITS EMPLOYEES IN THE BONA FIDE PERFORMANCE OF THEIR FUNCTIONS UNDER THE ORDINANCE.
"IN VIEW OF THE SIMILAR IMMUNITY IN SECTION 56(1) OF THE SECURITIES AND FUTURES COMMISSION ORDINANCE WHICH COVERS ANY PERSON ACTING IN THE BONA FIDE PERFORMANCE OF HIS FUNCTIONS UNDER THAT ORDINANCE AND OTHER 'RELEVANT ORDINANCES' INCLUDING THE PROTECTION OF INVESTORS ORDINANCE, THIS PROVISION IS UNNECESSARY AND IS DELETED, HE SAID.
BILL INTENDED TO STRENGTHEN LEGAL PROFESSION
* * *
THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY) PASSED A BILL WHICH SEEKS TO STRENGTHEN THE LEGAL PROFESSION IN HONG KONG,
THE ATTORNEY GENERAL. THE HON JEREMY MATHEWS, EXPLAINED PHILOSOPHY BEHIND THE LEGAL PRACTITIONERS (AMENDMENT) BILL 1989.
THE
"THAT PHILOSOPHY HAS TWO MAIN ASPECTS, MR MATHEWS SAID IN RESUMED SECOND READING DEBATE ON THE BILL.
THE
PROFESSION IN HONG
"THE FIRST SEEKS TO STRENGTHEN THE LEGAL KONG BY IMPOSING SOME RESTRICTIONS ON THE PRESENT UNFETTERED RIGHT OF ENTRY OF UNITED KINGDOM LAWYERS TO PRACTISE IN HONG KONG.
A
"THE SECOND IS To PERMIT
SMALL NUMBER OF GOVERNMENT LEGAL SERVICE WHO ARE NOT PRESENTLY ENTITLED HONG KONG BARRISTERS AND SOLICITORS
ΤΟ JOIN THE LEGAL HERE.
LAWYERS IN
TO
RECOME
PROFESSIONS
"THOSE THAT
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