3
(a)
Clause 60(1) will re-instate the requirement for a copy of the audited accounts to be published in the newspapers.
(e)
Minor amendments will be made to clauses 61(1)
and 99 to clarify or improve their operation.
We
The Ad Hoc Group raised with the Administration the
basic question of appeals from decisions of the Commissioner
and the Financial Secretary to the Governor-in-Council, and
queried whether the forum of appeal might not more
appropriately be a judicial or quasi-judicial tribunal. understand that a general review is in progress over the question of administrative appeals, and we have been assured
by the Administration that this point will be taken into
account in the light of this review.
Reforms have however been agreed on some specific
measures, to provide for an appeal to lie to the
Governor-in-Council from decisions where there was previously
no right of appeal, namely:-
(a)
Under clauses 21 (6) and 22 (1A) from the
imposition of conditions by the Commissioner on
or affecting the registration of a
Deposit-taking Company.
(b) Under clause 25 (5) from the imposition of
conditions by the Financial Secretary on the licensing of a Deposit-taking Company.
Amendments will accordingly be moved to these
clauses at the Committee stage and also to clause 99 (1) by
permitting an appeal from the Commissioner to the Financial