TNAG-2755-FCO40-3972-Banking-situation-in-Hong-Kong-1993 — Page 68

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CAP. 345]

Hang Lung Bank (Compensation of Former Shareholders) Regulations

[1989 Ed.

[Subsidiary]

13. Determination

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

13A. Notice of determination

(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.

(L.N. 223 of 1985)

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14. Immunity

Subject to these regulations any person referred to in regulation 8 who makes representations at any hearing of the Tribunal, any person summoned by the Chairman under regulation 11(1)(e) and the Tribunal as the case may be, shall have the same privileges and immunities in any 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.

15. Offences

Any person who without lawful authority or reasonable excuse-

(a) contravenes regulation 9(3);

(b) refuses or fails-

(i) to comply with any notice under regulation 11(1)(e);

(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;

(c) disturbs or otherwise interferes with the proceedings of the

Tribunal,

shall be guilty of an offence and shall be liable on conviction to a fine of $5,000 and imprisonment for 6 months.

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