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Short Title and commencement \par 2. Interpretation}{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4532345\charrsid9334926 PART 1}{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid9334926 \par FINANCIAL SUPERVISORY}{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4532345\charrsid9334926 }{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid9334926 COMMISSION \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\ul\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid9334926 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 3. Financial Supervisory Commission \par 4. Board members \par 5. Term of office and remuneration of Board members \par 6. Extraordinary vacancies \par 7. Meetings of Board \par 8. Minutes of meetings \par 9. Disclosure of conflict of interest \par 10. Conflicts of interest \par 11. Board may refer matters for investigation \par 12. Delegation of powers of Board \par 13. Commissioner, other employees \par 14. Personal liability}{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid9334926 PART 2 \par DUTIES, FUNCTIONS AND}{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid4532345\charrsid9334926 }{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid9334926 POWERS \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 15. Duties of the Commission \par 16. Functions of the Commission \par 17. Condition that licensed financial institution must have Compliance Officer \par 18. Powers of the Commission \par 19. Government policy \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid9334926 PART 3 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9334926 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid9334926 DISCLOSURE}{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid9334926\charrsid9334926 }{ \b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid9334926 OF INFORMATION \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 20. Disclosure to the Commission \par 21. Offence to supply false information \par 22. Confidentiality}{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid9334926 PART 4 \par ACCOUNTABILITY \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 23. Disclosure to overseas regulatory authority \par 24. Funds of the Commission \par 25. The Commission account \par 26. Financial reporting and fiscal updates \par 27. Statement of corporate intent \par 28. Annual report \par 29. Application of Ministry of Finance and Economic Management Act \par 30. Office of the Public Expenditure Review Committee and Audit}{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 to be auditor of the Commission \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid9334926 PART 5 \par MISCELLANEOUS \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 31. Protection from disclosure of sensitive information \par 32. Seal \par 33. Act binding on Crown \par 34. Regulations \par 35. Transitional \par 36. Savings \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 37.}{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 Consequential amendments}{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 38.}{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 Repeal \par }\pard \ql \li284\ri0\widctlpar\faauto\adjustright\rin0\lin284\itap0\pararsid3808570 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 Schedules \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 -------------------------------------------------}{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid10228033 2003, No.}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid5643601\charrsid10228033 }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid10228033 11 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid16015958 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16015958 {\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid16015958 An Act to establish the Financial Supervisory Commission and to set out its functions and }{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid16015958 p}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid16015958 owers}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid16015958 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }\pard \qr \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (7 May 2003 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid14435313 BE IT ENACTED}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 by the Parliament of the Cook Islands in Session assembled, and by the authority of the same, as follows: \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 1.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid16015958 Short Title and commencement}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1) This Act may be cited as the Financial Supervisory Commission Act 2003.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 This Act shall come into force on a date to be determined by the Queen}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 s Representative by Order in Executive Council.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Notwithstanding subsection (2), and without limiting the application of section 12 of the Acts Interpretation Act 1924, upon the passing of this Ac t, the powers to appoint Board members, the Commissioner, Registrars and other officers and employees of the Financial Supervisory Commission may be exercised prior to the date of this Act coming into force for the purpose of bringing this Act into operat ion on the date of its coming into force.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 2.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid16015958 Interpretation}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1) In this Act, unless the context otherwise requires -}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Board}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 means the Board of the Financial Supervisory Commission appointed pursuant to section 4;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 means the Financial Supervisory Commission established by this Act;}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commissioner}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 means the person appointed as Commissioner pursuant to section 13;}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 financial year}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 means a year ending on the 30th June;}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 licensed financial institution}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 means a licensee licensed pursuant to th e Banking Act 2003 to carry on banking business, a Trustee Company licensed pursuant to the Trustee Companies Act 1981-82, an Offshore Insurance Company licensed pursuant to the Offshore Insurance Act 1981-82, and a person carrying on }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 insurance business}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 as defined in the Insurance Companies Deposits Act 1970-71;}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Minister}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 means the Minister responsible for Finance;}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid3808570 PART 1}{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid3808570 \par }{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid3808570 FINANCIAL SUPERVISORY COMMISSION \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\ul\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid3808570 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 3.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid16015958 Financial Supervisory Commission}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1) There is established a statutory body, to be called the Financial Supervisory Commission.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The Commission shall be a body corporate with perpetual succession and a common seal and shall be capable of acquiring holding and disposing of real and pe rsonal property, of suing and being sued and of doing and suffering all such acts and things as bodies corporate may lawfully do and suffer.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 4.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid16015958 Board members}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (1) There shall be a Board of the Commission which shall, subject to the provisions of this Act, have overall control of the Commission and which shall exercise the duties, functions and powers of the Commission.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The Board shall comprise 5 members app ointed by the Minister, all of whom must have qualifications and experience in, and have shown capacity in financial or commercial matters, law or accounting.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 No person who is -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 a member of Parliament; or \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 employed in the service of the Crown or any agency of the Crown; or}{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (c)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 a director, legal or beneficial shareholder or employee of a licensed financial institution, or the spouse or immediate family of any such person, \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 shall be eligible for appointment as a member of the Board. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The Mi nister shall, from amongst all persons appointed as Board members, appoint one of them as Chairperson of the Board.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 5.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid16015958 Term of office and remuneration of Board members}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1) Except as provided in subsection (2), every Board member shall hold office for a term of two years but may from time to time be re-appointed.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Three of the first Board members appointed pursuant to section 4(2), shall be appointed for a term of 3 years, but thereafter every Board member succeeding in office to those Board members shall be appointed for a term of 2 years.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Notwithstanding anything in this section, every Board member whose office is terminated by effluxion of time shall continue to hold office until that Board member}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 s successor comes into office.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The Board m embers shall be paid out of the funds of the Commission such remuneration and allowances as shall from time to time be determined by the Queen}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 s Representative by Order in Executive Council. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 6.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid16015958 Extraordinary vacancies}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1) A Board member may resign at any time by written notice to the Minister.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The Minister shall terminate the appoin}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16015958 tment of any Board member who - \par \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 becomes of unsound mind or incapable of carrying out his or her duties; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 becomes bankrupt, suspends payment to or compounds with his or her creditors; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (c)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 is convicted in any jurisdiction of an offence involving dishonesty or fraud; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (d)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 is guilty of serious misconduct in relation to his or her duties; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (e)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 is absent, without leave of the chairperson from three consecutive meetings of the Board; or \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (f)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 fails in the opinion of the Minister to have complied with his or her obligations under section 9; or \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (g)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 is convicted of any offence under this Act. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 A person whose appoin tment is terminated pursuant to subsection (2) shall not be eligible for reappointment.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 If the appointment of a Board member is terminated, the vacancy shall be deemed to be an extraordinary vacancy.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (5)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 In the case of an extraordinary vacancy the Mi nister shall subject to sections 4(2) and 4 (3) appoint a person to fill that vacancy.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (6)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 A Board member appointed to fill an extraordinary vacancy shall hold office only for the unexpired portion of the term of office of that Board member}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 s predecessor, but may be re-appointed.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (7)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The powers of the Board shall not be affected by an extraordinary vacancy in its membership.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 7.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid16015958 Meetings of Board}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1) The first meeting of the Board shall be held on a day to be appointed by the Chairperson, such day to be in any event not later than one month after the coming into force of this Act.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Subsequent meetings shall be held at such times and places as the Chairperson may from time to time appoint.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The Chairperson or any three other Board members may at any time by notice in writing to all Board members call a special meeting of the Board.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 At all meetings three Board members shall constitute a quorum.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (5)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The Chairperson shall preside at all me etings at which the Chairperson is present. In the absence of the Chairperson from any meeting, the Board members present shall appoint one of their number to be Chairperson of that meeting.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (6)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 At any meeting the Chairperson shall have a deliberative vote and in the cast of an equality of votes, a casting vote.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (7)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 All questions arising at any meeting shall be decided by a majority of the votes of Board members recorded thereon.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (8)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The Commissioner shall, unless excused by the B oard, attend all meetings of}{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the Board and shall be entitled to be heard in respect of any matter being considered by the Board, but shall not be entitled to vote.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (9)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Subject to the provisions of this Act and of any regulations made hereunder, the Board may regulate its procedure in such manner as it thinks fit.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 8.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid16015958 Minutes of meeting}{ \fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1) The Board shall cause minutes to be kept in a book provided for the purpose, of all resolutions and proceedings of its meetings.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The minutes shall be signed by th e Chairperson at the next meeting subsequent to the passing thereof.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 A copy of the minutes of every meeting shall be furnished to every Board}{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 member.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 9.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid16015958 Disclosure of conflicting interest}{ \fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (1)}{ \fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 If a Board member has any pecuniary interest, direct or indirect, in any contract, proposed contract, licence or other matter and is present at a meeting of the Board at which the contract, proposed contract, licence or other matter is the subject of consideration, that Board member shall at the meeting and as soon as practicable after its commencement disclose the fact and shall not take part in the consideration or discussion of the contract, proposed contract, licence or other matter, or vote on any question with respect to it, and shall be excluded from the meeting for the duration of the consideration, discussion and voting procedure.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 A Board member who fails to comply with subsection (1) is guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 and to imprisonment for a term not exceeding one year unless the Board member proves that he did not know that the contract, proposed contract, licence or other matter in which he had a pecuniary interest was the subject of consideration at that meeting.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 A disclosure under sub section (1) shall be recorded in the minutes of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 Board.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 No act or proceeding of the Board shall be questioned on the ground that a Board member has contravened this section. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 10.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid16015958 Conflicts of interest}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1) For the purposes of section 9 a Board member shall be treated, subject to subsections (2) and (3) as having a pecuniary interest, direct or indirect, in a contract, proposed contract, licence or other matter if -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 he or she or any nominee of tha t Board member, is a member of a company or other body with which the contract was made or is proposed to be made or which has a direct pecuniary interest in the licence or other matter under consideration;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 he or she is a partner, or is in the employment of a person with whom the contract was made or is proposed to be made, or who has a direct pecuniary interest in the licence or other matter under consideration; or \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 (c)}{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 he or she or any partner of that Board member is a professional adviser to a person who has a direct or indirect pecuniary interest in a contract, proposed contract, licence or other matter. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16015958 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 Subsection (1) shall not apply to membership of or employment under any}{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 public body. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 In the c ase of married persons the pecuniary interest of one spouse shall be deemed for the purpose of section 9 to be also the interest of the other. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958 \par 11.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid16015958 Board may refer matters for investigation}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1) The Board may from time to time appoint one or more of its m embers or any other person or persons having appropriate qualifications or experience to investigate and report to the Board on such matters as are referred to him or them by the Board, for the purpose of the proper exercise of the Board}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 s powers or its duties or functions under this Act.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Without limiting the generality of subsection (1), the Board shall establish and maintain a sub-committee for the purpose of informing the Board of international developments generally affecting or relating to the reg ulation and supervision of institutions having functions similar to licensed financial institutions.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Notwithstanding subsection (3) of section 4, a person who is otherwise disqualified pursuant to paragraph (c) of that subsection shall be eligible for appointment to the subcommittee established pursuant to subsection (2) for the purposes only of that sub-committee. Any such person shall be deemed not to have a direct or indirect pecuniary interest in any matter by reason alone of participating in disc ussion on any matter relating to international developments being considered by the sub-committee.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16015958\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 12.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid16015958 Delegation of powers of Board}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1) The Board may from time to time delegate to any Board member, the Commissioner, any officer or employee of the Commis sion, any of the powers or functions of the Board, including, subject to such limitations }{\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 as may be imposed by the Board, }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the power of delegation conferred by this section.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14954202\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Subject to any general or special directions given or conditions imposed by th e Board or person to whom any powers are delegated pursuant to this section, the person to whom any powers are so delegated may exercise those powers in the same manner and with the same effect as if they had been conferred directly by this Act and not by delegation. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Every person purporting to act pursuant to any delegation under this section shall be presumed to be acting in accordance with the terms of the delegation in the absence of proof to the contrary. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Any delegation under this section may be made to a specified person onto persons of a specified class, or may be made to the holder for the time being of a specified office or appointment, or to the holders of offices or appointments of a specified class. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (5)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Any delegation under this section may be revoked at any time. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (6)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The delegation of any power by the Board or by any person shall not prevent the exercise of that power by the Board or, as the case may require, by the person by whom the delegation is made. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 13.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid14954202 Commissioner, other employees}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1) The Board shall appoint as the}{\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 administrative head of the Commission, a Commissioner on such terms and conditions as may be determined by the Board, and such registrars as are required to administer the enactments set out in the First Schedule.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14954202\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The Commissioner shall be resp onsible to the Board for the proper and efficient administration of the Commission and for its compliance with the provisions of this Act.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14954202\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 A person appointed as Commissioner shall have qualifications and experience in, and shall have shown capacity in financial or commercial matters, law or accounting.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14954202\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The Commissioner may from time to time, within policy guidelines established by the Board, appoint such other officers and employees of the Commission including acting or temporary or casual officer s and employees, as are necessary for the efficient exercise of the duties, functions and powers of the Commission.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14954202\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (5)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 No person who is -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14954202\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14954202 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 a member of Parliament; or}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid14954202\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14954202 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 employed in the service of the Crown}{\fs24\lang2057\langfe5129\langnp2057\insrsid13307719 or any agency of the Crown; or \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13307719 {\fs24\lang2057\langfe5129\langnp2057\insrsid13307719 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14954202 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (c)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 a director, legal or beneficial shareholder or employee of a licensed financial institution, or the spouse or immediate family of any such person,}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid14954202\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 shall be eligible for appointment as the Commissioner.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14954202\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 14.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid14954202 Personal liability}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - No Board member, Commissioner, em ployee, officer, registrar or other person acting under the authority of the Commission, shall be personally liable for any act or default done or omitted to be done in that capacity in good faith.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid15150615 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15150615\charrsid15150615 PART 2 \par DUTIES, FUNCTIONS AND POWERS \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid15150615 {\fs24\lang2057\langfe5129\langnp2057\insrsid15150615 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 15.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid14954202 Duties of the Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1) It shall be the duty of the Commission to administer this Act and the enactments set out in the First Schedule (which shall include for the purposes of this Act, regulations and orders made thereunder) and to regulate license d financial institutions in the Cook Islands in a manner which is to internationally accepted standards.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14954202\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Without limiting subsection (1), the Commission is charged with the following duties -}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14954202\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14954202 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 to keep under review, the operation of the Cook Islands legislation relating to licensed financial institutions and the effectiveness of supervision of licensed financial institutions; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid4014854 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 to continually monitor the extent to which Cook Islands legislation and the supervision of licensed financial institutions comply with internationally accepted standards;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 \par 16.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid14954202 Functions of the Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1) In the carrying out of its duties, the Commission shall have the following functions -}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14954202\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14954202 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 to administer the enactments set out in the First Schedule; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14954202 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (b) to licenc e licensed financial institutions and monitor their compliance with their obligations under the enactments set out in the First Schedule and any conditions that may be imposed on licensed financial institutions by those or any other enactment, or imposed by any licence granted pursuant to those enactments; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14954202 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (c)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 from time to time to recommend to the Minister legislative, administrative or other action that will - \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (i)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 better facilitate the responsible provision of services provided by licensed financial institutions; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (ii)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 ensure better compliance with statutory obligations and licensing or administrative conditions imposed upon licensed financial institutions; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (iii)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 ensure better compliance with conditions imposed upon the grant of any exemptions under the enactments set out in the First Schedule; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (iv)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 avoid acts or practices that may be detrimental to the reputation of the Cook Islands or inconsistent with the responsible provision of services by licensed financial institutions; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14954202 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (d)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 monitor the effectiveness of the enactments set out in the First Schedule in providing for the supervision and regulation of services provided by licensed financial institutions to internationally accepted standards; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14954202 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (e)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 to make recommendations to the Min ister on such amendments or revisions to existing legislation or new legislation relating to licensed financial institutions as the Commission considers necessary or appropriate in developing and regulating the integrity of licensed financial institutions ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14954202 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (f)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 to provide the Minister with periodic reports, advice and assistance on policy matters relevant to the administration of this Act; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14954202 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (g)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 to consult with, develop and maintain regular contact with licensed financial institutions with a view to - \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid14954202 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (i)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 encouraging the development of high professional standards within licens}{\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 ed financial institutions; and \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid14954202 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (ii)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 initiating, promoting and maintaining codes of conduct for }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 licensed financial institutions}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid14954202 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (iii)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 developing and maintaining for persons engaged by licensed financial institutions, a system of continuing education in respect of issues relating to financial crime and money laundering; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid14954202 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (h)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 to develop such measures as may be necessary to appropriately inform the general public regarding its functions a nd regarding matters relating to or affecting licensed financial institutions. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 In the exercise of its functions under paragraphs (c) and (e) of subsection (1), the Commission shall, before making recommendations to the Minister, consult with licensed financial institutions. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid14954202 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 17.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid14954202 Condition that licensed financial institution must have Compliance Officer}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1) It shall be a condition of every licence issued to a licensed financial institution that the licensed financial institution must have a person app ointed and holding office as a Compliance Officer in accordance with qualifications and criteria prescribed by regulation.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 A Compliance Officer shall be responsible for ensuring that the licensed financial institution by whom that Compliance Officer i s employed shall establish and maintain such office and accounting procedures as shall enable the financial institution to meet its obligations under any enactment applicable to it, in respect of}{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 customer identification;}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 record keeping and retention; and}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (c)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 any other matters as may be prescribed by regulation.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 18.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid9966573 Powers of the Commission}{ \fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (1)}{ \fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The Commission shall have all the powers reasonably necessary for the effective performance of its functions.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Without limiting the generality of subsection (1), the Commission or any suitably qualified person authorised by the Commission may for the purpose of ensuring compliance with this Act or any regulations made thereunder -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 on an annual basis and at any reasonable time, enter any premises, in which the Commission believes, on reasonable grounds, that there are records relevant to ensuring compliance with this Act;}{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 require a financial institution or any officer, employee or agent of a licensed financ ial institution to supply such information or explanation as the Commission may reasonably require for the purpose of enabling the Commission to perform its functions under this Act; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (c)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 use or cause to be used any computer system or data processing system in the premises to examine any data contained in or available to the system; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (d)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 reproduce any record, or cause it to be reproduced from the data, in the form of a printout or other intelligible output and remove the printout or other output for examina tion or copying; and}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (e)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 use or cause to be used any copying equipment in the premises to make copies of any record; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (f)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 direct a licensed financial institution that has without reasonable excuse failed to comply in whole or in part with any obligations under this Act or any licence issued under this Act to implement any action plan to ensure compliance with those obligations. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Any person who wilfully obstructs or hinders or fails to co-operate with the Commissioner or any authorised person in the lawful exercise of the powers under subsection (2) commits an offence punishable by -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 in the case of an individual, to a fine of up to $20,000, or a term of imprisonment not exceeding 2 years; or both;}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 in the case of a body corporate, to a fine of up to $150,000.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 19.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid9966573 Government policy}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1) In the exercise of its duties, functions and powers and in the preparation of its statement of corporate intent, the Commission shall have regard to any written policy directions conveyed to it by the Minister in writing and which are not inconsistent with the duties, functions or powers of the Commission.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 A copy of every written policy direction given by the Minister pursuant to subsection (1) shall be included in the next ensuing annual report of the Commission.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid8212144 PART 3}{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid8212144 \par }{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid8212144 DISCLOSURE OF INFORMATION \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 20.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid9966573 Disclosure to the Commission}{ \fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (1)}{ \fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The Commission may require any li censed financial institution, or any director, other officer or employee of such licensed financial institution, to supply to the Commission in such form and within such time as the Commission may determine, such information as the Commission considers ne cessary to enable it to carry out its functions.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The Commission may at all reasonable times by notice in writing given to any person reasonably believed to have information relevant to an enquiry by the Commission, require that person to -}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 provide specified information or information of a specified description; or \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (b) produce specified documents or documents of a specified description, \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 as it may reasonably require in connection with the exercise by the Commission of functions conferred on it by this Act or by any other enactment administered by the Commission. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Where, in accordance with section 23 the Commission is satisfied that assistance should be provided in response to a request by an overseas regulatory authority, it may in writing direc t any person reasonably believed to have information relevant to enquiries to which the request relates, within a stated time, to -}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 provide the Commission with specified information or information of a specified description with respect to any matter relevant to the inquiry to which the request relates; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 produce specified documents or documents of a specified description relevant to that inquiry; or \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (c)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 give to the Commission such assistance in connection with that inquiry as the Commission may specify in writing. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Where a person fails to comply with a. requirement under subsection (2) or a direction given under subsection (3) within seven days of the date of the requirement or direction, or such longer period as the Commission may permit, the Commission may apply to a Judge of the High Court for an order requiring that person to comply with the requirement or direction.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (5)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Where, in connection with a requirement under subsection (2) or a direction given under subsection (3), the Commission considers it necessary to examine a person on oath, the Commission may apply to a Judge of the High Court to have that person examined by the court and to have the results of that examination sent to the Commission.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (6)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The court shall process an application under subsection (5) as soon as practicable and shall send the result of the examination to the Commission within fourteen days of the examination.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (7)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Where documents are produced pursuant to subsection (2) or (3) the Commission may take copies of them or extracts from them.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (8)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 A person shall not be required under this section to disclose information or to produce a document which that person would be entitled to refuse to disclose or to produce on the grounds of legal professional}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9966573 privilege in civil or criminal }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 proceedings in the High Court.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (9)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Where a person claims a lien on a document, its production under this section shall be without prejudice to that lien.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (10)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 In this section }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 document}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 includes information re corded in any form and, in relation to information recorded otherwise than in legible form, the power to require its production includes power to require the production of a copy of it in legible and intelligible form.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (11)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 For the purpose of this section , but subject to subsection (12), any information or other matter is deemed to have come to a professional legal adviser in privileged circumstances if it is communicated or given to him -}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 by or by a representative of a client of his in connection with the giving by the adviser of legal advice to the client;}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 by or by a representative of a person seeking legal advice from the adviser; or}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (c)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 by any person -}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (i)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 in contemplation of or in connection with legal proceedings; and}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (ii)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 for the purpose of those proceedings.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (12) No information or other matter shall be deemed to have come to a professional legal adviser in privileged circumstances if it is communicated or given with a view to furthering any criminal purpose. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (13)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 A person who without reasonable cause}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6817300 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 fails to comply with a requirement of the Commission under subsection (2) or a direction of the Commission under subsection (3); or}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 with intent to avoid the provisions of subsections (2) or (3) destroys, mutilates, defaces, hides or removes a document; or}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (c)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 wilfully obstructs an inquiry by the Commission made in accordance with the provisions or subsection (2) or (3),}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 shall be guil ty of an offence and shall be liable on conviction to a fine not exceeding $20,000 or to imprisonment for a term not exceeding two years and in the case of a continuing offence to a fine not exceeding $1,000 for each day during which the offence continues .}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (14)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Where -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 an offence under this section which has been committed by a body corporate is proved to have been committed with the consent or connivance of, or to be attributable to any neglect on the part of, any director, manager, or other similar officer of the body corporate, or any person purporting to act in any such capacity, that person, as well as the body corporate shall be guilty of that offence and be liable to be proceeded a}{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 gainst and punished accordingly;}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the affairs of a body corporate are managed by its members, paragraph (a) shall apply in relation to the acts and defaults of a member in connection with that member}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 s functions of management as if that member were a director of the body corporate.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 21.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid9966573 Offence to supply false information}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - Any person who supplies or is concerned in supplying to the Minister or the Commission or any other person any statement, account, report or other information pursuant to this Act or any purpose for which any such statement, account, report or inf ormation is lawfully required thereunder, knowing the same to be false in a material particular, shall be guilty of an offence and shall be liable on conviction thereof to a fine not exceeding $20,000 or to imprisonment for a term not exceeding two years. }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 22.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid9966573 Confidentiality}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Subject to subsection (2), any person who is a Board member, the Commissioner, a registrar or other officer, employee, agent or adviser of the Commission and who discloses any information relating to -}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the affairs of the Commission; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 any application made to the Commission; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (c)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the affairs of a licensed financial institution; or \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (d)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the affairs of a customer, client or policyholder of, or a company or fund managed by a licensed financial institution, \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 that he has acquired in the course of his or her duties or in the exercise of the Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 s functions under this or any other enactment, is guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000 or to imprisonment for a term not exceeding two years. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par (2) }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Subsection (1) shall not apply to a disclosure -}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid7357962 {\fs24\lang2057\langfe5129\langnp2057\insrsid7357962 (a) }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 lawfully required or permitted by Cook Islands law; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid7357962 {\fs24\lang2057\langfe5129\langnp2057\insrsid7357962 (b) }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 for the purpose of assisting the Commission in the exercise of any of the functions conferred on it by this}{\fs24\lang2057\langfe5129\langnp2057\insrsid7357962 Act or by any other enactment; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7357962 {\fs24\lang2057\langfe5129\langnp2057\insrsid7357962 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid7357962 {\fs24\lang2057\langfe5129\langnp2057\insrsid7357962 (c) }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 in respect of the affairs of a licensed financial institution or of a customer, client, policyholder of, or a company or fund managed by a financial institution,}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 with the authority of the licensed financial institution, customer, client, policyholder, company or fund as the case may be (which consent has been voluntarily given); \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16010167 {\fs24\lang2057\langfe5129\langnp2057\insrsid16010167 (d) }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 if the information disclosed is or has been available to the public from any other source; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16010167 {\fs24\lang2057\langfe5129\langnp2057\insrsid16010167 (e) }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 where the information disclosed is in a manner that doe s not enable the identity of any licensed financial institution or of any customer, client, or policyholder of, or company or fund managed by a licensed financial institution to which the information relates to be ascertained; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid11950069 {\fs24\lang2057\langfe5129\langnp2057\insrsid11950069 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid11950069 {\fs24\lang2057\langfe5129\langnp2057\insrsid11950069 (f) to a person with a view to the commencement of, or for the purpose of \endash }{ \fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid11950069 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid16010167 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 (i) }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 criminal proceedings;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid16010167 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 (ii) }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 disciplinary proceedings, whether within or outside the Cook Islands, relating to the exercise by a barrister or solicitor, auditor, accountant, valuer or actuary of his or her professional duties; or \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid16010167 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (iii)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 disciplinary proceedings relating to the discharge by a public officer, or a member or employee of the Commission of his or her duties; or \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid16010167 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (g)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 for the purposes of any legal proceedings in connection with - \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid16010167 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (i)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the winding-up or dissolution of a licensed financial institution; or \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li1440\ri0\widctlpar\faauto\adjustright\rin0\lin1440\itap0\pararsid11950069 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (ii)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the appointment or duties of a receiver of a licensed financial institution. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 23.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid9966573 Disclosure to overseas regulatory authority}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1) Subject to subsection (4), the Commission may disclose to an overseas regulatory authority, information including the conduct of civil or administrative investigations and proceedings to enforce laws, regulations and rules administered by that auth ority.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 In deciding whether or not to exercise its power under subsection (1), the Commission may take into account -}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 whether the inquiry relates to the possible breach of a law or other requirement which has no close parallel in the Cook Islands o r involves the assertion of a jurisdiction not recognised by the Cook Islands; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the seriousness of the matter to which the inquiry relates}{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (c)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid9966573 the }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 importance to the inquiry of the information sought in the Cook Islands. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The Commission may de cline to exercise its powers under subsection (1) unless the overseas regulatory authority undertakes to pay the Commission for its costs of the exercise in such amount as the Commission considers reasonable.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Nothing in subsection (1) shall authorise a disclosure by the Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 unless -}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the Commission has satisfied itself that the intended recipient authority is subject to adequate legal restrictions on further disclosures which shall include the provision of an}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9710134 undertaking of confidentiality;}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 or \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the Commission has been given an undertaking by the recipient authority to not, without the consent of the Commission, disclose the information provided; and}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 c}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 )}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the Commission is satisfied that the assistance requested by the overseas regulatory authority is required for the purposes of the overseas regulatory authority}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 s lawful regulatory functions including the conduct of civil or administrative investigations or proceedings to enforce laws administered by that authority; and \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (d)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the Commission is satisfied that information provided pursuant to the exercise of its powers under subsection (3) will not be used in criminal or other proceedings against the Commissio n or any other person providing the information. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (5)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Where in the opinion of the Commission it appears necessary in relation to any request for assistance received from an overseas regulatory authority to invoke the jurisdiction of a Judge of the High Cou rt in the manner contemplated by subsections (4) and (5) of section 20, the Commission shall immediately notify the Solicitor-General with particulars of the request, and shall send the Solicitor-General copies of all documents relating to the request, an d the Solicitor}{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 General shall be entitled, in a manner analogous to amicus curiae, to appear or take part in any proceedings in the Cook Islands or in any appeal from such proceedings, arising directly or indirectly from any such request. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid6387188 PART 4}{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid6387188 \par }{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid6387188 ACCOUNTABILITY \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par 24. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid9966573 Funds of the Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1) The funds of the Commission shall comprise -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 all license fees and registration fees payable under the enactments set out in the First Schedule which, without further authority than this section, shall be and are appropriated to the Commission for the lawful carrying out of its functions and powers under this Act;}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 any other monies appropriated by Parliament for the purposes of the Commission; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (c)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 monies donated to the Commission or to the Government of the Cook Islands for the purposes of the Commission, by any regional or international agency or by any foreign Government. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Where in any financial year the Board is of the opinion that the funds of the Commission will be in excess of the amount which the Board considers w}{\fs24\lang2057\langfe5129\langnp2057\insrsid15287847 ill be sufficient to enable the }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission to carry out its functions, the Board shall authorise the excess to be paid to the Cook Islands Government Account. \par \par 25.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid9966573 The Commission account}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1)}{ \fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Notwithstanding section 43 of the Mini stry of Finance and Economic Act 1995-96, the Commission may with the approval of the Minister keep such bank account or accounts as may from time to time be approved by the Board.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 No money shall be withdrawn from any bank account except by cheque or other instrument signed by such person or persons in such manner as the Board may from time to time determine.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 26.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid9966573 Financial reporting and fiscal updates}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - The Commission shall deliver to the Ministry of Finance and Economic Management, financial reports and fiscal updates in accordance with Parts II and V of the Ministry of Finance and Economic Management Act 1995-96, as if the Commission was a government department as defined in that Act.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 27.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid9966573 Statement of corporate intent}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1) The Board will on behalf of the Commission deliver to the Minister not later than 3 months before the commencement of each financial year, a statement of corporate intent, the first statement to be delivered within 45 days of the date of this Act c oming into force, or such longer period as the Minister may allow.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The statement of corporate intent shall each year contain Government}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 s policy as it affects the Commission and in addition specify in respect of the next financial year, and insofar as is practicable, for the next immediately succeeding financial year, the following information -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the objectives of the Commission;}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the nature and scope of the activity to be undertaken; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (c) the performance targets and other measures by which the performance of the Commission }{ \fs24\lang2057\langfe5129\langnp2057\insrsid15287847 may be judged in relation to it}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 objectives; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (d)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the financial resources required to achieve performance targets; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (e)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the costs, if any, to the Commission in recognising Government}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 s policies; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (f)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the accounting policies of the Commission; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (g)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 such other matters as are agreed between the Minister and the Commission. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The statement of corporate intent may from time to time be revised by agreement between the Board and the Minister. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The statement of corporate intent a nd any revised statement of corporate intent agreed on pursuant to subsection (3) shall be printed and made available to the public at a fee calculated to recover the cost of printing, within 14 days of being approved by the Board. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 28.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid9966573 Annual report}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1) Within 3 months after the end of each financial year the Board shall deliver to the Minister a report of the operations of the Commission during that financial year, including statements of -}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 financial position; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid9966573 financial performance; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 c}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9966573 )}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 cashflows; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (d) commitments;}{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (e)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid9966573 specific fiscal risks; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (f)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 accounting policies; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (g)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 outputs and outcomes actually achieved, \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 together with such other statements as are consistent with generally accepted accounting practice.}{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The annual report made under subsection (1) shall state the information necessary to enable an informed assessment of the operations of the Commission including a comparison of the performance of the Commission with the statement of corporate intent. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The Minis}{ \fs24\lang2057\langfe5129\langnp2057\insrsid12260742 ter shall,}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 as soon as an annual report is received by him, table a copy in Parliament if Parliament is then in Session and if Parliament is not then in Session, shall table the report at the commencement of the next ensuing Session.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 29. }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid9966573 Application of Ministry of Finance and Economic Management Act}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - Notwithstanding the provisions of section 68 of the Ministry of Finance and }{\fs24\lang2057\langfe5129\langnp2057\insrsid12260742 Economic Management Act 1995-96,}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the provisions of that Act shall apply to the Commission except to the extent that those provisions are inconsistent with this Act.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 30.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid9966573 Office of the Public Expenditure Review Committee and Audit to be auditor of the Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1) The Office of the Public Expenditure Review Committee shall be the auditor of the Commission, which office will have and may exercise the functions, duties and powers it has under the Public Expenditure Review Committee and Audit Act 1995-96. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Without limiting subsection (1); the Board may with the agreement of the Office of Public Expenditure Review Committee and Audit; appoint a person or a firm to conduct audits of the Commission. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 31.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid9966573 Protection from disclosure of sensitive information}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - Nothing in this Act shall be construed as requiring the inclusion in any}{\fs24\lang2057\langfe5129\langnp2057\insrsid8736314 report required under this Act,}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 any information that could be properly w ithheld if it would otherwise damage the national interests of the Cook Islands or the commercial interests of licensed financial institutions, or any person who is a member, director or other officer, or an employee of a licensed financia}{ \fs24\lang2057\langfe5129\langnp2057\insrsid11470532 l institution,}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 or is information that may be withheld under any Act in force concerning the disclosure of information.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid9511427 PART 5}{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid9511427 \par }{\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid9511427 MISCELLANEOUS \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 32.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid9966573 Seal}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1) The Commission shall have a seal which shall be kept in the custody of the Commissioner and shall be used only pursuant to a resolution of the Board.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The Commissioner shall be responsible for keeping a record of every occasion on which the seal is used. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 33.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid9966573 Act binding on Crown}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - This Act shall bind the Crown. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 34.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid9966573 Regulations}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1) The Queen}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 s Representative may from time to time by Order in Executive Council promulgate such regulations as may be necessary or expedient for giving effect to the provisions of this Act and for the due administration thereof.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 All such regulations shall be laid before Parliament within fourteen days after the date of making thereof if Parliament is then in Session, and if Pa}{\fs24\lang2057\langfe5129\langnp2057\insrsid9265920 rliament is not then in Session,}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 shall be laid before Parliament at the commencement of the next ensuing Session.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 35.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid9966573 Transitional}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - (1) Upon the date o}{\fs24\lang2057\langfe5129\langnp2057\insrsid3488913 f coming into force of this Act,}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 all assets and liabilities of the Office of the Commissioner for Offshore Financial Services established by the Offshore Financial Services Act 1998 shall be transferred to and vest in the Commission without further assurance than this section and the Commission shall have all powers necessary to take possession of recover and deal with such assets and dischar ge such liabilities.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Subject to subsection (5) - \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 all assets and liabilities of the Office of the Money Laundering Authority established by the Money Laundering Prevention Act 2000, shall be transferred to and vest in the Commission without further assurance than this section and the Commission shall hav e all powers necessary to take possession of recover and deal with such assets and discharge such liabilities; and \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 all monies appropriated by Parliament for the year ending 30th June during which this Act comes into force for the purposes of the Office of the Commissioner for Offshore Financial Services and the Money Laundering Authority shall, without further authority than this subsection, be appropriated to the Commission. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 The Commissioner for Offshore Financial Services appointed pursuant to th e Offshore Financial Services Act 1998 and every Registrar appointed before the coming into force of this Act by the Commissioner for Offshore Financial Services under any of the enactments set out in the First Schedule shall hold office as Commissioner o f the Financial Supervisory Commission and as Registrars respectively for such period and upon such terms and conditions as to remuneration or otherwise as shall }{\fs24\lang2057\langfe5129\langnp2057\insrsid3693102 be determined by the Commission,}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 but in all other respects as if their appointments were made by the Commission or the Commissioner as the case may be, under section 13 of this Act.}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Any assets and liabilities held by the Financial Intelligence Unit set up by the Money Laundering Authority for the purposes of meeting certain of its obligations u nder the Money Laundering Prevention Act 2000, or any funds appropriated to the Financial Intelligence Unit for the financial year in which this Act comes into force, shall not be transferred to, vest in, or be appropriated to the Commission. \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 36.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid9966573 Savings}{ \fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - Notwithstanding the repeal by this Act of the Offsho}{\fs24\lang2057\langfe5129\langnp2057\insrsid12779819 re Financial Services Act 1998-}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 every licence issued by the Commissioner for Offshore Financial Services pursuant to the provisions of the Trustee Companies Act 1981 shall continue in force accordi ng to its tenor and shall be deemed to have been issued by the Commission;}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }\pard \ql \li720\ri0\widctlpar\faauto\adjustright\rin0\lin720\itap0\pararsid9966573 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 every Offshore Insurance Licence issued by the Commissioner for Offshore Financial Services pursuant to the Offshore Insurance Act 1981 shall continue in force according to it s tenor and shall be deemed to have been issued by the Commission. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9966573 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 37.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid15097622 Consequential amendments}{ \fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - The enactments and the provisions of those enactments set out in the first column of the Second Schedule are amended in the manner set out in the second column to that Schedule.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9966573\charrsid5643601 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 38.}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid15097622 Repeal}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - The Offshore Financial Services Act 1998 is repealed.}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid15097622 {\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 ------------------------------------ \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid15097622\charrsid5643601 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid15097622 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 This Act is administered by the Financial Supervisory Commission. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid15097622 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid10495832 FIRST SCHEDULE \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid11616620 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid11616620 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid15097622 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid15097622 Enactments administered by the Commission \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 \par Banking Act 2003 \par Trustee Companies Act 1981-82}{\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Offshore Insurance Act 1981-82}{\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Financial Transactions Reporting Act 2003}{\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Insurance Companies}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Deposits Act 1970-71}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15097622 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 International Companies Act 1981-82}{\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 International Trusts Act 1984 \par International Partnerships Act 1984 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid15097622 {\b\fs24\ul\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid10495832 SECOND SCHEDULE \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid11616620 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid11616620 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid15097622 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid15097622 Consequential Amendments \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid15097622 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid15097622 International Trusts Act 1984 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid4532345 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid2308950 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid2308950 Schedule}{\fs24\lang2057\langfe5129\langnp2057\insrsid2308950 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the reference to the Offshore Financial Services Act 1998 a}{\fs24\lang2057\langfe5129\langnp2057\insrsid2308950 nd inserting the following Acts}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 - }{\fs24\lang2057\langfe5129\langnp2057\insrsid6169266 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid15290992 {\fs24\lang2057\langfe5129\langnp2057\insrsid15290992 \par }\pard \ql \li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid6169266 {\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Financial Supervisory Commission Act 2003}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 , Financial Transactions Reporting Act 2003}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid2308950 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid15097622\charrsid5643601 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid15097622 International Partnership Act 1984 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4532345 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid2308950 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid2308950 Section 72(1)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2308950 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the Offshore Financial Services Act 1998}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Financial Supervisory Commission Act 2003, the Financial Transactions Reporting Act 2003}{\fs24\lang2057\langfe5129\langnp2057\insrsid2892389 .}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid2308950 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid4532345 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid4532345 International Companies}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4532345\charrsid4532345 }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid4532345 Act 1981-82}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid4532345\charrsid4532345 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4532345 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid4532345 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid2308950 Section 2(1)}{\fs24\lang2057\langfe5129\langnp2057\insrsid2308950 \tab \tab \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid4532345\charrsid5643601 By deleting the definition of }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4532345\charrsid5643601 Commissioner}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4532345\charrsid5643601 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid4532345\charrsid2308950 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9524736 {\fs24\lang2057\langfe5129\langnp2057\insrsid9524736 \par }\pard \ql \li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid3481525 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By inserting in alphabetical }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 order the following definition:}{\fs24\lang2057\langfe5129\langnp2057\insrsid15290992 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid15290992 {\fs24\lang2057\langfe5129\langnp2057\insrsid15290992 \par }\pard \ql \li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid3481525 {\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 ""}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 means the Financial Supervisory Commission established by the Financial Supervisory Commission Act 2003;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid4532345 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid3481525 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid2308950 Section 8(1)}{\fs24\lang2057\langfe5129\langnp2057\insrsid3481525 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Offshore Financial Services Act 1998}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Financial Supervisory Commission Act 2003}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid3481525 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid4532345 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid3481525 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid2308950 Section 224}{\fs24\lang2057\langfe5129\langnp2057\insrsid3481525 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commissioner}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 ;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid3481525 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid4532345 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid10116725 {\fs24\lang2057\langfe5129\langnp2057\insrsid10116725 Section 249(2)\tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the Offshore Financial Services Act 1998}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 , and substituting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the Financial }{ \fs24\lang2057\langfe5129\langnp2057\insrsid2892389 Supervisory Commission Act 2003,}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the Financial Transactions Reporting Act 2003}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid3481525 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid4532345 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid10116725 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid2308950 Section 249A(3)(b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid10116725 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commissioner}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 .}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid10116725 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid4532345 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4532345\charrsid4532345 O}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid4532345 ffshore Insurance Act 1981-82}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4532345\charrsid4532345 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid10116725 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid10116725 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Section 2}{\fs24\lang2057\langfe5129\langnp2057\insrsid10116725 \tab \tab \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10116725\charrsid5643601 By deleting the definition of }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid10116725\charrsid5643601 Commissioner}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid10116725\charrsid5643601 ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9524736 {\fs24\lang2057\langfe5129\langnp2057\insrsid9524736 \par }\pard \ql \li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid10116725 {\fs24\lang2057\langfe5129\langnp2057\insrsid10116725\charrsid5643601 By inserting in alphabetical order the following definition: }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10116725 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid15290992 {\fs24\lang2057\langfe5129\langnp2057\insrsid15290992 \par }\pard \ql \li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid10116725 {\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 ""}{\fs24\lang2057\langfe5129\langnp2057\insrsid10116725\charrsid5643601 Commission}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid10116725\charrsid5643601 means the Financial Supervisory Commission established by the Financial Supervisory Commission Act;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid10116725\charrsid5643601 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid10116725 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid10116725 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Section 5}{\fs24\lang2057\langfe5129\langnp2057\insrsid10116725 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10116725\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid1443933 Commissioner}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid10116725\charrsid5643601 wherever it appears and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10116725\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid10116725\charrsid5643601 ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid10116725 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid1443933 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Section 6}{\fs24\lang2057\langfe5129\langnp2057\insrsid1443933 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid1443933\charrsid5643601 By deleting from the heading the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid1443933\charrsid5643601 Commissioner}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid1443933\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid1443933\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid1443933\charrsid5643601 ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 \par }\pard \ql \fi-2160\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid1443933 {\fs24\lang2057\langfe5129\langnp2057\insrsid1443933 (1)\tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid1443933\charrsid5643601 By deleting the words }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid2892389 to the Commissioner,}{\fs24\lang2057\langfe5129\langnp2057\insrsid1443933\charrsid5643601 the Commissioner shall}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid2892389 ,}{\fs24\lang2057\langfe5129\langnp2057\insrsid1443933\charrsid5643601 and substituting the words }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid1443933\charrsid5643601 to the Commission, the Commission shall}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid1443933\charrsid5643601 ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid10116725 \par }\pard \ql \fi-2160\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid1443933 {\fs24\lang2057\langfe5129\langnp2057\insrsid1443933 (2)\tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid1443933\charrsid5643601 By deleting the words }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid1443933\charrsid5643601 In making a decision under subsection (1), the Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid1443933\charrsid5643601 , and substituting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid1443933\charrsid5643601 In making }{ \fs24\lang2057\langfe5129\langnp2057\insrsid2892389 a decision under subsection (1),}{\fs24\lang2057\langfe5129\langnp2057\insrsid1443933\charrsid5643601 the Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid1443933\charrsid5643601 ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid1443933 \par }\pard \ql \fi-2160\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid1443933 {\fs24\lang2057\langfe5129\langnp2057\insrsid1443933 (3)\tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid1443933\charrsid5643601 By deleting the word }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid1443933\charrsid5643601 Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid1443933\charrsid5643601 wherever it appears and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid1443933\charrsid5643601 Commission}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid1443933\charrsid5643601 ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid1443933 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid1534124 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Section 7(1)}{\fs24\lang2057\langfe5129\langnp2057\insrsid1534124 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid1534124\charrsid5643601 By deleting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid1534124\charrsid5643601 Commissioner grants a licence, the Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid1534124\charrsid5643601 , and substituting the wo}{\fs24\lang2057\langfe5129\langnp2057\insrsid2240625 rds Commission grants a licence,}{\fs24\lang2057\langfe5129\langnp2057\insrsid1534124\charrsid5643601 the Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid1534124\charrsid5643601 ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid15290992 {\fs24\lang2057\langfe5129\langnp2057\insrsid15290992 \par }\pard \ql \li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid5965907 {\fs24\lang2057\langfe5129\langnp2057\insrsid5965907 By deleting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid5965907 as the Commissioner thinks fit}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid5965907 and substituting the words }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid5965907 as the Commission thinks fit}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid5965907 ;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5965907 {\fs24\lang2057\langfe5129\langnp2057\insrsid5965907 \par }\pard \ql \fi-2160\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid1534124 {\fs24\lang2057\langfe5129\langnp2057\insrsid1534124 (2)\tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid1534124\charrsid5643601 By deleting the word }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid1534124\charrsid5643601 Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid1534124\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid1534124\charrsid5643601 Commission}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid1534124\charrsid5643601 ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid10116725 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid1534124 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Section 9}{\fs24\lang2057\langfe5129\langnp2057\insrsid1534124 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commissioner}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 wherever it appears and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 ;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid1534124 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 Section }{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815 11}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 (1)}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15168815 \tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 wherever it appears}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid15168815 }{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 ;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid1534124 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815 \par }\pard \ql \fi-2160\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid15168815 {\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 (1)(b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 Commissioner}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 and substituting the}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid15168815 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 Commission}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid1534124 {\fs24\lang2057\langfe5129\langnp2057\insrsid15168815 \par }\pard \ql \fi-2160\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid15168815 {\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 By deleting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 Commissioner intends to suspend}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid15168815 }{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815 or cancel a licence under subsection }{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 (1), the}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid15168815 }{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 , and substituting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 Commission}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid15168815 }{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 intends to suspend or cancel a licence under subsection}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid5965907 (1),}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 the Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid1534124 {\fs24\lang2057\langfe5129\langnp2057\insrsid15168815 \par }\pard \ql \fi-2160\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid15168815 {\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 (3) and (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 his}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 wherever it appears and}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid15168815 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 its}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid1534124 {\fs24\lang2057\langfe5129\langnp2057\insrsid15168815 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 Section 14}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815 \tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 By deleting the word }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 and substituting the}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid15168815 }{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 word }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15168815\charrsid5643601 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid15168815 \par \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid9524736 {\fs24\lang2057\langfe5129\langnp2057\insrsid9524736 Section 16(b), 17, 19 }{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 and 20}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9524736 \tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 wherever it appears}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid9524736 }{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 ;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15168815 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid1534124 {\fs24\lang2057\langfe5129\langnp2057\insrsid15168815 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 Section 21}{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736 \tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 By deleting from the heading the word }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid9524736 }{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 ;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15168815 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid9524736 {\fs24\lang2057\langfe5129\langnp2057\insrsid9524736 \par }\pard \ql \li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid9524736 {\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 By deleting the words By deleting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 The}{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid9524736 }{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 Commissioner, a member of the staff of the}{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid9524736 }{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 Commissioner and an Inspector appointed under section}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16336059 }{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 28 shall not}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid16336059 ,}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 and substituting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 A member of}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid9524736 }{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 the Board of the Commission, the Commissioner and}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid9524736 }{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 other employees or agents of the Commission shall not}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '''}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid1534124 {\fs24\lang2057\langfe5129\langnp2057\insrsid9524736 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 Section 22(3)(a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736 \tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 By deleting the word }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 and substituting the}{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid9524736 }{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 word }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736 \par \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 Section 23A}{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736 \tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 By deleting the words }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 and substituting}{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid9524736 }{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 the word }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 ""}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid5643601 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736 \par \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid7416198 Trustee Companies Act 1981-82}{\fs24\lang2057\langfe5129\langnp2057\insrsid7416198 \tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 By deleting the definition of }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 ;}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid9524736\charrsid7416198 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid9524736 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 Section 2}{\fs24\lang2057\langfe5129\langnp2057\insrsid7416198 \tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 By inserting in alphabetical order the following definition:}{\fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid7416198 }{\fs24\lang2057\langfe5129\langnp2057\insrsid15290992 \par \par }\pard \ql \li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid15290992 {\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 ""}{\fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 Commission}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 means the Financial Supervisory}{\fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid7416198 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 Commission established by the Financial Supervisory}{\fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid7416198 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 Commission Act 2003;}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7416198 {\fs24\lang2057\langfe5129\langnp2057\insrsid7416198 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid7416198 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Section 5(1)}{\fs24\lang2057\langfe5129\langnp2057\insrsid7416198 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 Commissioner}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 wherever it appears and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7416198 {\fs24\lang2057\langfe5129\langnp2057\insrsid7416198 \par }\pard \ql \fi-2160\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid7416198 {\fs24\lang2057\langfe5129\langnp2057\insrsid7416198 (2)\tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 By deleting the words }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 and the Commissioner may}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 and substituting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 and the Commission may}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid7416198 {\fs24\lang2057\langfe5129\langnp2057\insrsid7416198 \par }\pard \ql \li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid14766748 {\fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 By deleting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 as the Commissioner, in the Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 s discretion}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 and substituting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 as the Commission, in the Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 s discretio}{ \fs24\lang2057\langfe5129\langnp2057\insrsid14766748 n,}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid7416198\charrsid5643601 ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 \par }\pard \ql \fi-2160\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid14766748 {\fs24\lang2057\langfe5129\langnp2057\insrsid7416198 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid14766748 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid14766748\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid14766748\charrsid5643601 Commissioner}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid14766748\charrsid5643601 wherever it appears and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid14766748\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid14766748\charrsid5643601 ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14766748 {\fs24\lang2057\langfe5129\langnp2057\insrsid14766748 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid14766748 {\fs24\lang2057\langfe5129\langnp2057\insrsid14766748 Section 5B and 5C\tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 wherever it appears and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid14766748 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid14766748 {\fs24\lang2057\langfe5129\langnp2057\insrsid14766748 Section 5D\tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Board}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 wherever it appears and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commissioner}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid14766748 \par }\pard \ql \fi-2160\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid14766748 {\fs24\lang2057\langfe5129\langnp2057\insrsid14766748 (1)\tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the words }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 or on the Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 s own motion}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the words }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 or on the Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 s own motion}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid14766748 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid14766748 {\fs24\lang2057\langfe5129\langnp2057\insrsid14766748 Sections 5E and 6\tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 wherever it appears and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid14766748 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid14766748 {\fs24\lang2057\langfe5129\langnp2057\insrsid14766748 Section 7\tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14766748 {\fs24\lang2057\langfe5129\langnp2057\insrsid14766748 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid14766748 {\fs24\lang2057\langfe5129\langnp2057\insrsid14766748\charrsid5643601 Section 8}{\fs24\lang2057\langfe5129\langnp2057\insrsid14766748 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commissioner}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 wherever it appears and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid14766748 \par }\pard \ql \li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid14766748 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting from subsection (1) the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 " }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the Commissioner shall notify the company of that opinion}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid16336059 ,}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the Commission shall notify the company of that opinion}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid14766748 {\fs24\lang2057\langfe5129\langnp2057\insrsid14766748 \par }\pard \ql \li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid14766748 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting from subsection }{ \fs24\lang2057\langfe5129\langnp2057\insrsid14766748\charrsid5643601 (4) the}{\fs24\lang2057\langfe5129\langnp2057\insrsid14766748\charrsid14766748 }{\fs24\lang2057\langfe5129\langnp2057\insrsid14766748\charrsid5643601 word}{ \fs24\lang2057\langfe5129\langnp2057\insrsid14766748 }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and }{ \fs24\lang2057\langfe5129\langnp2057\insrsid14766748\charrsid5643601 substituting the}{\fs24\lang2057\langfe5129\langnp2057\insrsid14766748\charrsid14766748 }{\fs24\lang2057\langfe5129\langnp2057\insrsid14766748\charrsid5643601 word}{ \fs24\lang2057\langfe5129\langnp2057\insrsid14766748 }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 s}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid9451949 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Section 9(1)}{\fs24\lang2057\langfe5129\langnp2057\insrsid9451949 \tab By deleting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9451949 The Commissioner may in the Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9451949 s discretion}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9451949 , and substituting the words }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9451949 The Commission may in the Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid9451949 s discretion}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9451949 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid9451949 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid9451949 {\fs24\lang2057\langfe5129\langnp2057\insrsid9451949 Section 10(1)\tab By deleting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9451949 application is made to the Commissioner and the Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid9451949 s is first obtained}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9451949 , and the substituting words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid9451949 application is made to the Commission and the Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid9451949 s approval is first obtained}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid9451949 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid9451949\charrsid5643601 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid16200313 \par }\pard \ql \fi-2160\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid16200313 {\fs24\lang2057\langfe5129\langnp2057\insrsid16200313 (3)\tab By deleting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16200313 the Commissioner in considering whether approval should be granted}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid16200313 and substituting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid16200313 the Commission in considering whether approval should be granted}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid16200313 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid9451949 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid16200313 \par }\pard \ql \fi-2160\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid16479000 {\fs24\lang2057\langfe5129\langnp2057\insrsid16200313 (4)}{\fs24\lang2057\langfe5129\langnp2057\insrsid16479000 \tab By deleting the words }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid16479000 the Commissioner may}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid16479000 and substituting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid16479000 the Commission may}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16479000 ;}{\fs24\lang2057\langfe5129\langnp2057\insrsid16200313 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid16200313 \par }\pard \ql \li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid16479000 {\fs24\lang2057\langfe5129\langnp2057\insrsid16479000\charrsid5643601 By deleting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16479000\charrsid5643601 the Commissioner may in the Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '}{\fs24\lang2057\langfe5129\langnp2057\insrsid16479000\charrsid5643601 s discretion}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid69950 ,}{\fs24\lang2057\langfe5129\langnp2057\insrsid16479000\charrsid5643601 and substituting the words }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid16479000\charrsid5643601 the Commission may in the Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 '}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16479000\charrsid5643601 s discretion}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid69950 ;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16479000\charrsid5643601 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16479000 {\fs24\lang2057\langfe5129\langnp2057\insrsid16479000 \par }\pard \ql \li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid16479000 {\fs24\lang2057\langfe5129\langnp2057\insrsid16479000\charrsid5643601 By deleting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16479000\charrsid5643601 approval by the Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid16479000\charrsid5643601 and substituting the words }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid16479000\charrsid5643601 approval by the Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16479000\charrsid5643601 ; \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid16479000 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid16479000 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Section 27(1) and (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid16479000 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commissioner}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 wherever it appears and substituting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 ;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15097622 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16479000 {\fs24\lang2057\langfe5129\langnp2057\insrsid16479000\charrsid16479000 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid16479000 {\fs24\lang2057\langfe5129\langnp2057\insrsid16479000\charrsid16479000 Section 28(2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid16479000 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commissioner}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 ;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid16479000 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid12940712 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid16479000 Section 37(1) and 39}{\fs24\lang2057\langfe5129\langnp2057\insrsid12940712 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commissioner}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 ;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid12940712 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid12940712 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid12940712 Section 43(5)}{\fs24\lang2057\langfe5129\langnp2057\insrsid12940712 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commissioner}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 ;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid8152966\charrsid12940712 \par }\pard \ql \fi-2160\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid4529092 {\fs24\lang2057\langfe5129\langnp2057\insrsid4529092 (6)\tab By deleting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4529092 Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4529092 and substituting the word }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4529092 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4529092 ;}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15097622 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid4529092 {\fs24\lang2057\langfe5129\langnp2057\insrsid4529092 \par }\pard \ql \li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid4529092 {\fs24\lang2057\langfe5129\langnp2057\insrsid4529092 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4529092 as the Commissioner may approve}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4529092 and substituting the words }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4529092 as the Commission may approve}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4529092 ; \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid4529092 {\fs24\lang2057\langfe5129\langnp2057\insrsid4529092 \par }\pard \ql \fi-2160\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid4529092 {\fs24\lang2057\langfe5129\langnp2057\insrsid4529092 (9)\tab By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid4529092 Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4529092 and substituting the word }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4529092 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid4529092 ; \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid4529092 {\fs24\lang2057\langfe5129\langnp2057\insrsid4529092 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid4529092 Section 45}{\fs24\lang2057\langfe5129\langnp2057\insrsid4529092 \tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commissioner}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 .}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid4529092 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid15097622\charrsid5643601 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid4532345 Cook Islands Monetary Board Act 1981 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid4529092 Section 18}{\fs24\lang2057\langfe5129\langnp2057\insrsid4529092 \tab \tab \tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting section 18}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid4529092 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid15097622\charrsid5643601 \par }\pard \ql \fi-5040\li5040\ri0\widctlpar\faauto\adjustright\rin0\lin5040\itap0\pararsid4529092 {\b\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid4532345 Insurance Companies Deposits}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid15097622\charrsid4532345 Act 1970-71}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid4529092 \tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the definition of }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 Financial Secretary}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid8152966 ;}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid4529092 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid13238359 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid4529092 Section 2}{\fs24\lang2057\langfe5129\langnp2057\insrsid13238359 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By inserting in alphabetical order, the following definition - }{\fs24\lang2057\langfe5129\langnp2057\insrsid15290992 \par \par \tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid8152966 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 means the Financial Supervisory Commission established by the Financial Supervisory Commission Act 2003}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid4529092 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid13238359 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid13238359 Section 3}{\fs24\lang2057\langfe5129\langnp2057\insrsid13238359 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Financial Secretary}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 .}{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid13238359 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid8152966 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid13238359 Section 7}{\fs24\lang2057\langfe5129\langnp2057\insrsid13238359 (1)\tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Financial Secretary}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 .}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid13238359 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid13238359 \par }\pard \ql \fi-2160\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid13238359 {\fs24\lang2057\langfe5129\langnp2057\insrsid13238359 (2)\tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Financial Secretary}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 . \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid8152966 {\fs24\lang2057\langfe5129\langnp2057\insrsid13238359 Section 8(1)\tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Financial Secretary}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 . \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid13238359 {\fs24\lang2057\langfe5129\langnp2057\insrsid13238359 \par }\pard \ql \fi-2160\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid13238359 {\fs24\lang2057\langfe5129\langnp2057\insrsid13238359\charrsid13238359 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid13238359 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Financial Secretary}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 . \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid8152966 {\fs24\lang2057\langfe5129\langnp2057\insrsid13238359 Section 9}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid13238359 (1)}{ \fs24\lang2057\langfe5129\langnp2057\insrsid13238359 \tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Financial Secretary}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the word }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Co}{\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 mm}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 ission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid13238359 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid13238359 \par }\pard \ql \fi-2160\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid13238359 {\fs24\lang2057\langfe5129\langnp2057\insrsid13238359 (2)\tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Financial Secretary}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 . \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid13238359 \par }\pard \ql \fi-2160\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid15948337 {\fs24\lang2057\langfe5129\langnp2057\insrsid13238359 (3)}{\fs24\lang2057\langfe5129\langnp2057\insrsid15948337 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Financial Secretary}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 . \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid15948337 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid15948337 Section 10}{\fs24\lang2057\langfe5129\langnp2057\insrsid15948337 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Financial Secretary}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 .}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid15948337 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid8152966 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid15948337 Section 11}{\fs24\lang2057\langfe5129\langnp2057\insrsid4532345\charrsid15948337 (1)}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15948337 \tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 deleting}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 the}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 word}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Financial}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Secretary}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid5643601 } {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 an}{\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 d}{\fs24\lang2057\langfe5129\langnp2057\insrsid4532345 }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid15948337 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid15948337 {\fs24\lang2057\langfe5129\langnp2057\insrsid15948337 \par }\pard \ql \fi-2160\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid15948337 {\fs24\lang2057\langfe5129\langnp2057\insrsid15948337 (3)\tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Financial Secretary}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 . \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid15948337 \par }\pard \ql \fi-2160\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid15948337 {\fs24\lang2057\langfe5129\langnp2057\insrsid15948337 (4)\tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Financial Secretary}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 . \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid8152966 {\fs24\lang2057\langfe5129\langnp2057\insrsid15948337 Section 14}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid15948337 (1)}{ \fs24\lang2057\langfe5129\langnp2057\insrsid15948337 \tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Financial Secretary}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the word }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid15948337 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid15948337 \par }\pard \ql \fi-2160\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid15948337 {\fs24\lang2057\langfe5129\langnp2057\insrsid15948337 (2)\tab B}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 y deleting the word }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Financial Secretary}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 . \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid15948337 \par }\pard \ql \fi-2160\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid2626228 {\fs24\lang2057\langfe5129\langnp2057\insrsid2626228 (4)\tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Financial Secretary}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 . \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid8152966 {\fs24\lang2057\langfe5129\langnp2057\insrsid2626228 Section 16}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid15948337 (1)}{ \fs24\lang2057\langfe5129\langnp2057\insrsid2626228 \tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Financial Secretary}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the word }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid2626228 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid2626228 \par }\pard \ql \fi-2160\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid2626228 {\fs24\lang2057\langfe5129\langnp2057\insrsid2626228 (3)\tab }{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Financial Secretary}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 . \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid15097622 \par }\pard \ql \fi-2880\li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid2626228 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid15948337 Section 21}{\fs24\lang2057\langfe5129\langnp2057\insrsid2626228 \tab }{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Financial Secretary}{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 (including in the heading to that section) and substituting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 Commission}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 .}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid2626228 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid2626228 \par }\pard \ql \li2880\ri0\widctlpar\faauto\adjustright\rin0\lin2880\itap0\pararsid2626228 {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 By deleting the word }{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 remuneration}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 and substituting the word }{ \fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 fee}{\fs24\lang2057\langfe5129\langnp2057\insrsid10228033 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid6580121\charrsid5643601 .} {\fs24\lang2057\langfe5129\langnp2057\insrsid6580121 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid5643601 {\fs24\lang2057\langfe5129\langnp2057\insrsid4532345 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid8152966 {\fs24\lang2057\langfe5129\langnp2057\insrsid8152966 ------------------------------------------------- \par }}