TNAG-1836-FCO40-2611-Executive-Council-of-Hong-Kong-memoranda-and-minutes-of-meet-1989 — Page 95

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FM HONG KONG

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TELNO 2155

OF 30024OZ JUNE 89

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HKB 011/2

27

067621 MDLIAN 3001

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MY TELNO 2047: EXECUTIVE COUNCIL

AT THE PART I MEETING OF THE EXECUTIVE COUNCIL HELD ON 27 JUNE, THE GOVERNOR IN COUNCIL ORDERED THAT:

(A) BANCO SANTANDER, KREDIETBANK NV AND NORWEST BANK MINNESTOA N.A. EACH BE GRANTED A BANKING LICENCE UNDER SECTION 16(1) OF THE BANKING ORDINANCE, SUBJECT TO THE USUAL CONDITIONS, WITH EFFECT FROM 27 JUNE 1989

(B) SUBJECT TO MAKING IT CLEAR THAT A PERSON WHO CAN PROVE THAT HE DID NOT INTEND TO PROFIT BY THE USE OF INSIDE INFORMATION SHALL NOT BE HELD TO HAVE BEEN INVOLVED IN INSIDER DEALING, THE SECURITIES (INSIDER DEALING) BILL 1989, SHOULD BE INTRODUCED INTO THE LEGISLATIVE COUNCIL

(C) THE BANKING (AMENDMENT) (NO 2) BILL 1989 SHOULD BE INTRODUCED INTO THE LEGISLATIVE COUNCIL

(D) THE ARCHITECTS REGISTRATION BILL SHOULD BE INTRODUCED INTO THE LEGISLATIVE COUNCIL, SUBJECT TO INTRODUCTION INTO THE LEGISLATIVE COUNCIL OF A PRIVATE BILL INCORPORATING THE HONG KONG INSTITUTE OF

''MEMBERS'' IN ARCHITECTS AND SUBJECT TO SUBSTITUTING ''PARTNERS FOR CLAUSE 30(4) (B), AND

(E) THE ENGINEERS REGISTRATION BILL SHOULD BE INTRODUCED INTO THE LEGISLATIVE COUNCIL, SUBJECT TO SUBSTITUTING ''PARTNERS'' FOR ''MEMBERS' OF THE FIRM WHERE APPROPRIATE.

WILSON

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