XN000022-1995-10-11 — Page 3

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Securities (Offence and Penalty)(A) Regulations

Contravention of the prescribed position limits and reporting requirements under the trading rules for stock options may be subject to a fine of $2,000 and imprisonment for three months, a spokesman for the Financial Services Branch announced today (Wednesday).

"The Securities (Offence and Penalty) (Amendment) Regulation 1995 was made at the Executive Council meeting yesterday (Tuesday). The Regulation will be gazetted this Friday (October 13)," the spokesman said. The Stock Exchange of Hong Kong commenced trading of stock options contracts on September 8.

The applicable trading rules lay down, among other things, position limits and reporting requirements in relation to any person's activity in the stock options market.

The rules facilitate the surveillance of the stock options market particularly in relation to risk management and market malpractice.

The Regulation provides for sanctions for breach of the trading rules.

End/Wednesday, October 11, 1995

Marriage service in three registries to be extended

The Immigration Department announced today (Wednesday) that in order to further enhance the service to the public, the Cotton Tree Drive Marriage Registry, Tsim Sha Tsui Marriage Registry and Sha Tin Marriage Registry will extend their marriage ceremony service to the afternoon (from 2 pm to 4.45 pm) on the following Saturdays in 1996:

* January 13

* March 23

* March 30

* May 18

* May 25

* November 23

* November 30 * December 7