Insurance Ordinance

(4)
The Authority must consult the Monetary Authority before exercising a power under
section 81
in respect
of—
(a)
an authorized institution;
(b)
a person
who—
(i)
is, or was, a regulated person; and
(ii)
is, or was, employed by an authorized institution; or
(c)
a person
who—
(i)
is, or was, a regulated person; and
(ii)
is, or was, appointed as an agent by an authorized institution,
in relation to any regulated activity carried on by the institution.