3
not free to
disclose confidential information to the
Commissioner for Securities and Commodities Trading or the
Insurance Authority without seeking my permission in each
With the growing integration of the financial
case.
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markets and the need for closer cooperation between
supervisors, the number of instances in which consultation
is necessary is increasing. Clause 2 (2) of the
the Bill
therefore amends the principal Ordinance to enable
information to be passed
passed directly to other local
supervisors to assist them in their respective functions.
7.
Sir, I move that the debate on this motion be now
adjourned.
Question on adjournment proposed, put and agreed to.
!