- 6
4.
5.
6.
A
Subject to the approval of the BA, the Licensee may
have any level of shareholding or control in a company
directly connected or associated with broadcasting
which is not a major broadcasting licensee.
non-major broadcasting licensee would include any
small scale cable operator(s), in-house CCTV
operator(s) and SMATV operator(s).
A "disqualified person" will not be allowed to
exercise control of the Licensee. "Disqualified
person" will include advertising agents, programme
providers and other broadcasting licensees whether
within or without Hong Kong. Consideration will also
be given to including newspapers, political and
religious bodies and the local telephone company and
associated
bodies,
"disqualified person".
this regard, will be
legislation requiring
within the definition of
The regulatory mechanism, in
improved by the addition of
full disclosure by the Licensee
of its registered shareholders and, as a last resort,
the addition of effective tracing and investigatory
provisions, including provisions to identify connected
persons, and by the application of effective sanctions
on the offending disqualified persons. The maximum
level of control that may be held by a disqualified
persons in the Licensee is likely to be in the region
of 10% 15% of the voting shares.
The statutory
(i.e. certain
19
restrictions on "unqualified persons
non-residents) as apply to the wireless
TV licensees should also apply to the subscription TV
licensee, subject to the proviso that the Governor in
Council
will have
restrictions.
the
discretion to relax
these
No comments yet.
Private notes are available after approval.