?
MISS TAM:
sir,
reached
Draft speech by Ben Maria TAM Legislative Council 8 June 1988–
Insurance Companies (Amendment) Bill 1988
-Committee Stage
Lipsiative Council
The
ne begco Ad hoc group has discussed clause 6 and
人
agreement with the Administration on the following
amendments :+
section
New $53A(2) (d)
le
Le
l
(I)
This
section
specifies that
in general civil proceedings, it is for the Insurance Authority, not the court, to decide whether information in his possession should be disclosed. In the group's view, it is for legislative provisions to
generally undesirable
empower the executive to decide what evidence should be
withheld from the court.
The Administration has accepted the group's view and
agreed to have the section amended in line with the provisions of the Banking Ordinance.
duction
New $53A(3) (b)
This provides
provides that the secrecy provisions shall not apply to the disclosure of information with a view to the institution of, or otherwise for the purposes of,
any criminal proceedings or investigation whether in outside Hong Kong
However, this extension to
criminal investigations and proceedings outside Hong
Kong does not appear either in the Banking Ordinance or
the Securities (Amendment) Bill 1988.
•