Insurance Ordinance

(1)
The Authority must not exercise a power under
section 41P
to impose a pecuniary penalty
unless—
(a)
it has published, in the Gazette and in any other manner it considers appropriate, guidelines to indicate the way in which it proposes to exercise that power; and
(b)
in exercising that power, it has had regard to the guidelines so published.
(2)
The guidelines are not subsidiary legislation.