TNAG-1899-FCO40-2697-Future-of-Hong-Kong-briefing-1989 — Page 131

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

PJZAGC

MR SELWYN ALLEYNE, CBE JP

Appointed Hong Kong Commissioner, London, 6.4.1987 (due to retire in

June this year).

Previously served in Hong Kong in

Finance Branch (Deputy Financial Secretary);

Civil Service Branch; Urban Services Department;

Social Welfare Department; Resettlement Department;

Councils Branch.

Member of the Legislative Council of Hong Kong 1980-83

Qualifications: M.A. (Oxon)

Hobbies: Tennis, Chinese Ceramics

Clubs: Royal Hong Kong Jockey Club, Royal Overseas League

MR IAN HAY DAVISON

Former Chief Executive of Lloyd's of London; appointed in November 1987 to head a six month review of Hong Kong financial market (Securities Review Committee (SRC)). The Hay Davison (SRC) Report

was published on 2 June 1988 and contained well over a hundred

recommendations. The Government has identified the following major

recommendations and drawn up a rough timetable for their

implementation :

(a)

(b)

establishment of a new independent statutory regulatory authority outside the civil service, to be called the

securities and futures commission (SFC):

re-constitution of the Stock Exchange of Hong Kong and the Hong Kong futures exchange:

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