TNAG-2306-FCO40-3340-Future-of-Hong-Kong-stock-market-and-exchange-rate-1991 — Page 27

A BILL

To

Amend the Stock Exchanges Unification Ordinance.

Annex

Enacted by the Governor of Hong Kong, with the advice and

consent of the Legislative Council thereof.

1.

Short title

This Ordinance may be cited as the Stock Exchanges Unification

(Amendment) Ordinance 1991.

2. Committee to manage the Exchange Company

Section 10 of the Stock Exchanges Unification Ordinance

(Cap. 361) is amended by adding after subsection (2)

" (3)

Except as provided in subsections (4) and (5), a

member shall not be entitled to appoint any person as a proxy

or other representative to attend and vote at any proceedings

for the election of the Committee.

(4)

Subject to subsection (5), a member may appoint to be

a proxy or other representative any person who

•

(a) is registered under Part VI of the Securities

(b)

(၁)

Ordinance (Cap. 333);

is a director, partner or employee of the

member; and

is not for the time being appointed as a proxy

or other representative as regards any meeting

the proposed business of which consists wholly

or partly of the election of the Committee,

to attend and vote at any proceedings for the election of the

Committee.