Securities (Insider Dealing) (Amendment) Bill 1998

---

Amend the Securities (Insider Dealing) Ordinance.

Enacted by the Legislative Council.

1. Short title

This Ordinance may be cited as the Securities (Insider Dealing) (Amendment) Ordinance 1998.

2. Interpretation

Section 2(1) of the Securities (Insider Dealing) Ordinance (Cap. 395) is amended, in the definition of "judge", in paragraph (a), by adding "or a deputy judge" after "judge".

Explanatory Memorandum

The object of this Bill is to amend the definition of "judge" in section 2(1) of the Securities (Insider Dealing) Ordinance (Cap. 395) to include a deputy judge of the Court of First Instance in the definition (clause 2). The effect of the amendment is that a deputy judge of the Court of First Instance will, in addition to a judge or former judge of the Court of First Instance, be able to be appointed as chairman of the Insider Dealing Tribunal.