XN000022-1990-11-14 — Page 7

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WEDNESDAY, NOVEMBER 14, 1990

GOVT INTENDS TO REPLACE OFFICIAL SECRETS ACTS WITH LOCAL LAW

THE

BEFORE

LOCAL INTENDS TO INTRODUCE GOVERNMENT

1997 THE SECRETARY FOR LEGISLATION TO REPLACE THE OFFICIAL SECRETS ACTS,

INFORMED LEGISLATIVE COUNCIL (LEGCO) SECURITY, MR ALISTAIR TODAY (WEDNESDAY)..

ASPREY

ELSIE TU, MR 1911, WHICH WAS SECRETS ACT 1989,

IN A WRITTEN REPLY TO A QUESTION BY THE HON MRS ASPREY SAID SECTION 2 OF THE OFFICIAL SECRETS ACT REPEALED IN THE UNITED KINGDOM BY THE OFFICIAL REMAINS IN FORCE IN HONG KONG BECAUSE THE 1989 UNITED KINGDOM ACT NOT BEEN APPLIED TO THE TERRITORY.

HAS

"THE ADMINISTRATION IS NOW CONSIDERING WHETHER THE 1989

MR ASPREY SAID. KINGDOM ACT SHOULD BE APPLIED TO HONG KONG,

UNITED

THE ACT COULD BE GIVEN EFFECT IN HONG KONG EITHER BY ORDER COUNCIL OR IN THE FORM OF AN ORDINANCE ENACTED BY THE LEGCO HE SAID.

IN

SFC TAKEN ENFORCEMENT ACTION IN 282 CASES

HAS COMMISSION

PIERS

TAKEN ENFORCEMENT ON MAY 1. 1989, THE THE INFORMED JACOBS,

THE SECURITIES AND FUTURES ACTION IN 282 CASES SINCE ITS ESTABLISHEMENT

HON SIR FINANCIAL SECRETARY, THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY),

BY THE HON DAVID LI, SIR

IN A WRITTEN REPLY TO A QUESTION PIERS SAID THE ENFORCEMENT ACTION HAD RESULTED LETTERS OF WARNING OR ADVICE AND 48 SUMMONSES.

IN THE ISSUE OF 53

"CURRENTLY, ENQUIRIES ON 59 CASES ARE CONTINUING,

OF ROUTINE

SIR PIERS SAID IN INTERMEDIARIES AND ADVERTISEMENTS, CASES SINCE ITS INCEPTION.

TERMS

++ HE ADDED.

SURVEILLANCE OF MARKET THE COMMISSION HAD

366 HANDLED

OF WARNING OR "THIS HAD RESULTED IN THE ISSUE OF 176 LETTERS

ENQUIRIES ON 63 CASES ARE ADVICE," HE SAID, ADDING THAT CURRENTLY CONTINUING.

THE VARIOUS TYPES OF ENFORCEMENT MISCONDUCT BY REGISTERED PERSONS,

ENQUIRIES,

BREACH

OF

INTERMEDIARIES,

ACTIONS TAKEN INCLUDED UNREGISTERED

SHARE ACTIVITY,

ORDINANCE, PROTECTION OF INVESTORS DEALING

OTHERS. ALLEGED FRAUD AND OTHER OFFENCES, ENQUIRIES FROM OVERSEAS AND

INCLUDED INSPECTION OF AND SURVEILLANCE ROUTINE COMPLIANCE

REGISTERED PERSONS AND MATTERS

CASES

TO RELATING

ADVERTISEMENT SURVEILLANCE.

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