FOR PRU USE ONLY
141
PARLIAMENTARY QUESTION
HOUSE OF COMMONS: FOR WRITTEN ANSWER
HEAD OF
Please submit:
DATE TABLED:
HKD
01/07/93
a draft answer and background
WHITE O.P. DATE
to Parliamentary Relations Unit before
NOON
05/07/93
06/07/93
FOBRIORITY
WRITTEN ANSWER ON
06/07/93
QUESTION
SERIAL NO:
3226
10045f
MR JIM COUSINS [NEWCASTLE UPON TYNE CENTRAL] [LA]
To ask the Secretary of State:
what legislation and which agency covers the prudential annual supervision of (a) company and (b) bank accounts in each case of companies and banks registered in Hong Kong; and what form and to which representative assembly such agencies report.
FOR ANSWER BY
MR GOODLAD
TO PS/
MR COODLAD
(Minister)
Аз A35/1
for approval by
NOON
PQs
-6 1993
*
Reply
ANSWER
(Minister)
Requirements on the incorporation, management and winding up of companies are set out in the Companies Ordinance, administered by the Registrar of Companies. The Banking Supervision Department of the Hong Kong Monetary Authority is responsible for the prudential supervision of banks in Hong Kong in accordance with the provisions of the Banking Ordinance. Members of Hong Kong's Legislative Council may ask questions and conduct investigations on any matter of concern to them in respect of regulation of banks or companies.
Copy to:
Private Secretary
PS/
(Minister)
Parliamentary Clerk
ACTION TAKEN
RETURNED TO DEPARTMENT FOR FLING
HKB 011/6
RECEIVED IN EGISTRY
22 JUL 1993
jim.pq.ADM
SLM
DESK OFFICK
REGISTRY
INDE
PA
Action Taken
Authorised
(Head of Dept)
po.
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