TNAG-1817-FCO40-2578-Broadcasting-in-Hong-Kong-1988 — Page 143

(f)

of the voting shares of the licensee and the

percentage of the issued voting shares of the

licensee which those shares then constituted;

(ii) where the number of such voting shares

held by persons fall, or cease to fall, within

limits specified in the clause, certain

particulars as regards the persons or holdings.

Section 17F- if the Bill is to be effective the

Broadcasting Authority must know the share

holding position on the commencement thereof.

This is what the clause is aimed at and it

enables the Broadcasting Authority to require a

licensee to distribute to its shareholders a

document specified in a direction given by it.

The clause provides that the document shall

contain a declaration in a form to be determined

by the Broadcasting Authority. The requirements

of the clause have to be complied with within

certain time limits and the clause contains certain

provisions designed to avoid difficulties in its

implementation (subsections (3), (4) and (6)).

(g) Section 17G enables applications to be made to

the Broadcasting Authority for a permission to

retain shares the holding of which would

otherwise cause provisions of the Bill to be

contravened. Applications must be brought within

periods specified in the Bill; a separate period

is specified as regards applications by personal

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