OTHER AREAS
(Chapter Thirteen of the Report)
The SRC recommends that
1.
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3.
A.
5.
5.
7.
9.
the Administration should undertake a thorough review of the legislation governing the securities industry as a matter of urgency. (para. 13.2)
the new Securities Commission should review the Hong Kong Code on Takeovers and Mergers. (para. 13.10)
the Administration should favourably consider the merits of introducing a treasury stock rule in Hong Kong. (para. 13.11)
the SEHK should, in consultation with the new Securi- ties Commission, promulgate rules to govern margin trading and should regularly publish the extent to which trading in each stock is financed by margin lending. (para. 13.14)
the concept of insurance coverage for members be pursued further by the Exchanges and the new Securit- les Commission. (para. 13.25)
the Administration should have the objective of stimulating and sponsoring the development of debt markets in Hong Kong; and, to that end, should review the regulation of debt markets and remove any unnecessary impediments to its development.
(para. 13.37)
in case of urgent necessity the new SC should have reserve power to set minimum margin requirements for either or both markets. (para. 13.48)
che SEMA ana NAID Should produce youuma Lules, which should be discussed with the regulatory authority, as to procedures for notification of developments in their respective markets and as to arrangements for making a co-ordinated response to disorderly trading, with the objective of ensuring smooth and predictable linkages. (para. 13.55)
in due course, machinery should be established to
What tho ganicz managomont and dievaillaamaa staff of the two Exchange and their respective clearing agencies co-ordinate properly and fully; and that there should be no obstacles to a proper and full exchange of information. (pare. 13.57)
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