TNAG-2755-FCO40-3972-Banking-situation-in-Hong-Kong-1993 — Page 52

C

(

C

C

CC

(

(

1986 Ed.]

Overseas Trust Bank Compensation of Registered Holders of Shares) Regulations

[CAP. 379

A 7

[Subsidiary]

(b) any legal representative of a registered holder of shares or

any group thereof or of the company.

as it may consider appropriate.

(3) Any money payable or ordered to be paid by the Tribunal shall be paid by the Government.

14. The Tribunal shall at the hearing at which it gives its determination under regulation 6 give reasons to such extent as it considers proper for its determination and within 14 days thereafter shall, by notice signed by the Chairman and sent by post to the last address shown in the share register of the company, notify each registered holder of shares of that determination.

15. (1) The Financial Secretary Incorporated shall by notice in the Gazette give notice of any determination under regulation 6.

(2) The Financial Secretary Incorporated may by such notice as it thinks fit disclose such matters relating to any determination under regulation 6 that it considers necessary.

16. Subject to these regulations-

(a) the Tribunal:

(b) any person mentioned in regulation 8 who makes represen-

tations at any hearing of the Tribunal:

(c) any person summoned by the Chairman under regulation

12(1)(g);

(d) any accountant appointed by the Tribunal under regula-

tion 12(1)() or (k);

(e) any accountant appointed to advise the Financial Secre-

tary Incorporated: and

(f) any witness at any such hearing,

shall have the same privileges and immunities in any such hearing or in the exercise of the Tribunal's functions or powers as they would have had if that hearing or exercise were a hearing or exercise by a

court.

17. Any person who without lawful authority or reasonable

excuse-

(a) contravenes regulation 10(3);

(b) refuses or fails-

(i) to comply with any notice under regulation 12(1)(g); (ii) to answer truly and fully any question put to him by or with the consent of the Tribunal:

(iii) to produce any book, paper or document which the Tribunal has required him to produce:

(iv) to comply with any lawful order or direction of the Tribunal; or

Determination.

Notice of determination.

Immunity.

Offences.