1964_SOLICITORS_(PROFESSIONAL_INDEMNITY_AMENDMENT)_RULES — Page 5

1986 Ed.]

Solicitors (Professional Indemnity) (Amendment) Rules

[CAP. 159

05

[Subsidiary]

(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 cate- gories 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.

8. (1) Subject to paragraph (3) every Principal who is in private practice as a solicitor in Hong Kong shall, on or before 15 August in each Insurance Year or such other date as may be prescribed by the Council, produce to Authorized Insurers or to a person specified by Authorized Insurers-

(a) a certificate signed by a certified public accountant con- taining particulars of the Gross Fee Income as required by the Professional Indemnity Insurance Scheme attributable to the Practice for the immediately preceding accounting year of the Practice or, if such certificate for the imme- diately 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; and

(b) such other information in connection with the Practice made up to 31 July (or such other date as may be prescribed by the Council) in the same Insurance Year as may be required by Authorized Insurers for the purpose of assessing the premiums or contributions payable by that Practice.

(2) Production with the approval of the Council of a certified public accountant's certificate of gross fee income for a period other than the immediately preceding accounting year of the Practice, in accordance with sub-paragraph 8(1)(a), shall not relieve any Prin- cipal thereof of his obligation to produce to Authorized Insurers a certificate in respect of the immediately preceding accounting year of the Practice. Such certificate, when available shall be produced immediately on demand by the Society or Authorized Insurers.

(3) If a Principal, in a Practice, supplies particulars of the Gross Fee Income of the Practice and the other information in connection with the Practice in accordance with paragraph (1), the other Principals in the same Practice shall not in addition be required to supply such particulars or information.

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