1971-HKRS28-8-38_Part05 — Page 25

Amendment of section 54.

person that may come to his knowledge in the exercise or performance of any function or duty under this Ordinance:

(b) shall not communicate any such matter to any person other than the person to whom such matter relates or his exccutor or the authorized representa- tive of such person or executor; and

(c) shall not suffer or permit any person to have access to any records in the possession, custody or control of any person to whom this subsection applies, except as may be necessary for the exercise or performance of such function or duty or for carrying into effect the provisions of this Ordinance.

(LA) Subsection (1) shall apply to--

(a) any public officer;

(b) any person authorized or employed by the Com-

missioner under section 4A:

(c) any person appointed under paragraph (ii) of sub- section (1) of section 13, or by order of the Governor in Council under paragraph (ii) of subsection (1) of section 14, to advise a bank in the proper conducr of its business; and

(d) any person who has assumed control of the business of a bank pursuant to a direction under paragraph (iii) of subsection (1) of section 13 or an order of the Governor in Council under paragraph (1) of subsection (1) of section 14.

who exercises or performs any function or duty under this Ordinance.

(18) Where under paragraph (iii) of subsection (1) of section 13 or under paragraph (ii) of subsection (1) of section 14 the Commissioner assumes control of and carries on the business of a bank or any other person is directed so to do. subsection (1) shall not apply if the Commissioner or such other person is required to comply with a notice to furnish (Cap. returns and information under scelion 51 of the Inland

Revenue Ordinance."'.

112.)

4. Section 54 of the principal Ordinance is amended in subsection (1) by inserting in paragraph (6), after "13", the following-

", or by order of the Governor in Council under para- graph (ii) of subsection (1) of section 14, to advise the bank in the proper conduct of its business”.

3

Passed by the Hong Kong Legislative Council this 1st day of December, 1971.

Clerk to the Legislative Council.

This printed impression has been carefully compared

by me with the bill, and is found by me to be a true and correctly printed copy of the said bill.

Clerk to the Legislative Council.