1989 Ed.] Solicitors (Professional Indemnity) Rules
6.
Compulsory Indemnity
[CAP. 159
M 5
[Subsidiary]
(1) Subject to rule 7, every solicitor who is, or is held out to the public as, a solicitor in Practice in Hong Kong shall be required to have and maintain Indemnity.
(2) Any current practising certificate which has been issued to a solicitor who is required to have and maintain Indemnity and who fails to have Indemnity shall be suspended and such person shall not be qualified to act as a solicitor pursuant to section 7 of the Ordinance while he shall fail to have Indemnity.
7. Exemption
(1) Rule 6 shall not apply to a solicitor or a class of solicitors for the time being exempted by the Council from compliance with these rules or to a solicitor or a class of solicitors engaged only in a category or categories of professional business specified by the Council.
8.
(2) The Council may---
(a) exempt from compliance with these rules any solicitor or any class of solicitors specified by the Council;
(b) exempt from compliance with these rules any solicitor or any class of solicitors engaged only in a category or categories of professional business specified by the Council;
(c) grant such exemption either indefinitely or for a specified period or subject to such other conditions as the Council may from time to time determine; and
(d) revoke any exemption granted.
Production of documents and information
(1) Subject to subrule (3) every principal who is in Practice in Hong Kong shall, on or before 15 August in each indemnity period or such other date as may be allowed by the Council, produce to the Company or to a person specified by the Company-
(a) a certificate signed by a certified public accountant containing particulars of the gross fee income in accordance with this rule attributable to the Practice for the immediately preceding accounting year of the Practice or, if such certificate for the immediately preceding accounting year is not available, such certificate may with the approval of the Council be in respect of the accounting year of the Practice ending not earlier than 31 March in the preceding year;
(b) a certificate signed by a principal in the Practice containing an apportionment of the gross fee income of the Practice as certified
Page 5
Page 6
1989 Ed.] Solicitors (Professional Indemnity) Rules
6.
Compulsory Indemnity
[CAP. 159
M 5
[Subsidiary]
(1) Subject to rule 7, every solicitor who is, or is held out to the public as, a solicitor in Practice in Hong Kong shall be required to have and maintain Indemnity.
(2) Any current practising certificate which has been issued to a solicitor who is required to have and maintain Indemnity and who fails to have Indemnity shall be suspended and such person shall not be qualified to act as a solicitor pursuant to section 7 of the Ordinance while he shall fail to have Indemnity.
7. Exemption
(1) Rule 6 shall not apply to a solicitor or a class of solicitors for the time being exempted by the Council from compliance with these rules or to a solicitor or a class of solicitors engaged only in a category or categories of professional business specified by the Council.
8.
(2) The Council may---
(a) exempt from compliance with these rules any solicitor or any
class of solicitors specified by the Council;
(b) exempt from compliance with these rules any solicitor or any class of solicitors engaged only in a category or categories of professional business specified by the Council;
(c) grant such exemption either indefinitely or for a specified period or subject to such other conditions as the Council may from time to time determine; and
(d) revoke any exemption granted.
Production of documents and information
(1) Subject to subrule (3) every principal who is in Practice in Hong Kong shall, on or before 15 August in each indemnity period or such other date as may be allowed by the Council, produce to the Company or to a person specified by the Company-
(a) a certificate signed by a certified public accountant contain- ing particulars of the gross fee income in accordance with this rule attributable to the Practice for the immediately preceding accounting year of the Practice or, if such certificate for the immediately preceding accounting year is not available, such certificate may with the approval of the Council be in respect of the accounting year of the Practice ending not earlier than 31 March in the preceding year;
(b) a certificate signed by a principal in the Practice containing an apportionment of the gross fee income of the Practice as certified
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