TNAG-2710-FCO40-3916-House-of-Commons-Select-Committee-on-Foreign-Affairs-and-Par-1993 — Page 69

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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