TNAG-1764-FCO40-2518-Hong-Kong-stock-market-and-exchange-rate-1988 — Page 18

2'd

13.

14.

15.

16.

all shareholders of the HKFE should be required to apply for HKFE membership and that before authorising a firm, the new SC should be satisfied that it will be properly supervised. (para. 6.87)

inactive dealers should have their registration suspended by the new SC. (para. 6.87)

the proposed class of Associate Members should not be created. (para. 6.90)

the continuation of Trade Affiliated Membership should be critically reviewed. (para. 6.93)

11

>H SI9 28:61 89, TE AHM