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THURSDAY, APRIL 21, 1988
HE SAID THIS WAS AN IMPORTANT AREA OF CONSUMER PROTECTION AND IT WAS TOO EARLY TO SAY WHETHER THE PROPOSALS WERE PRACTICABLE OR TO IDENTIFY THE EXTENT TO WHICH THEY WOULD NEED TO BE BACKED UP BY A LEGISLATIVE FRAMEWORK.
"WE INTEND TO CONTINUE OUR DIALOGUE WITH THE INDUSTRY IN THE HOPE OF ACHIEVING AN OUTCOME WHICH IS IN THE BEST INTERESTS OF ALL THE PARTIES CONCERNED," HE SAID.
MR NENDICK POINTED OUT THAT ONE AREA IN THE REGULATORY FRAMEWORK CAPABLE OF IMPROVEMENT WAS IN THE FIELD OF CO-OPERATION BETWEEN REGULATORY AGENCIES IN HONG KONG AND OVERSEAS.
THIS WAS TAKEN ACCOUNT OF IN THE INSURANCE COMPANIES (AMENDMENT) BILL WHICH WOULD BE INTRODUCED INTO THE LEGISLATIVE COUNCIL NEXT WEEK AND WOULD, HE HOPED, BE PASSED IN THIS SESSION.
THE BILL'S MAIN OBJECTIVE IS TO CLARIFY THE RIGHTS OBLIGATIONS OF THE INSURANCE AUTHORITY IN THE DISCLOSURE
INFORMATION OBTAINED IN THE COURSE OF HIS STATUTORY DUTIES.
AND OF
THE BILL WILL ALSO MAKE TWO TECHNICAL AMENDMENTS. IT WILL GIVE THE INSURANCE AUTHORITY A DISCRETION TO DETERMINE AT WHAT TIME CONDITIONS IMPOSED AT THE TIME OF AUTHORISATION OF AN INSURANCE COMPANY SHOULD BE REVOKED AND EMPOWER THE AUTHORITY ΤΟ AUTHORISATION FOR PART OF ANY CLASS OF INSURANCE BUSINESS.
WITHDRAW
COUNSELLOR FOR BRITISH JLG OFFICE IN HK
MR DOUG MARTIN, CURRENTLY HEAD OF CHANCERY AT EMBASSY IN LISBON, HAS BEEN APPOINTED TO A POST AS COUNSELLOR BRITISH JOINT LIAISON GROUP OFFICE WHEN THIS OPENS JULY 1.
THE
BRITISH IN THE
IN
HONG KONG ON
MR MARTIN WILL BE IN DAY-TO-DAY CHARGE OF THE OFFICE, ACTING WHO ON BEHALF OF THE BRITISH SENIOR REPRESENTATIVE, MR ROBIN MCLAREN, RETAINS HIS POST AS ASSISTANT UNDER-SECRETARY OF STATE (ASIA) FOREIGN AND COMMONWEALTH OFFICE.
IN
THE
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