TNAG-1724-FCO40-2437-Minutes-and-Hansards-of-the-Legislative-Council-of-Hong-Kong-1988 — Page 147

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بھر

Clause 4 inserts a new section 161BA requiring

authorised financial institutions and their holding

companies to maintain a register of transactions referred

to in section 161B and requiring a statement of the

particulars of such transactions to be made available for

certain public inspection for a period of 14 days preceding_the

annual general meeting and seven days thereafter It is

our intention that the general public should be able to

take full advantage of this right of inspection of the

register. However, authorised financial institutions

which are either private companies or unlisted public

companies are not required to give public notice of the

dates of their annual general meetings.

I therefore

propose that all authorised financial institutions should

be required to give at least four weeks' notice of the

dates of their annual general meetings in an approved

Chinese language newspaper and an approved English

language newspaper.

بو

A further minor amendment is needed to clause 4

to require a 'nil' statement to be prepared by an

institution where no relevant loan exists so that the

auditor, where appropriate, may be able to include in his

from report particulars of loans omitted for the 'nil'

statement.

بھر

Sir, I beg to move.