Cap. 41activeordinance

Insurance Ordinance

保險業條例

Full legislation

s.4F

Delegation of Authority’s functions to its members, committees and employees

(1)
Subject to subsection (2), the Authority may delegate any of its functions
to—
(a)
a member of the Authority;
(b)
a committee established under
section 4D
; or
(c)
an employee of the Authority, whether by reference to the name of the employee or to the office held by the employee.
(2)
A delegation must not be
made—
(a)
in relation to the power of the Authority to delegate under this section; or
(b)
in relation to a function specified in
Schedule 1D
.
(3)
If the Authority delegates a function, it may at the same time authorize the delegate to sub-delegate the function.
(4)
The Authority
may—
(a)
revoke a delegation, or an authorization for a sub-delegation;
(b)
attach restrictions or conditions to a delegation; or
(c)
attach restrictions or conditions to an authorization for a sub-delegation, including those on the exercise of the power to sub-delegate.
(5)
A delegation does not prevent the Authority from concurrently performing the function delegated. A delegation and sub-delegation does not prevent the Authority or a delegate, or both, from concurrently performing the function delegated or sub-delegated.
(6)
If a person or a committee purports to act under a delegation or sub-delegation, the person or the committee is presumed, unless the contrary is proved, to be acting in accordance with the terms of the delegation or sub-delegation.
(7)
Without affecting subsection (5), if there is a delegation or sub-delegation in relation to a function of the Authority, a reference in this Ordinance or any other Ordinance to the Authority in connection with the performance of the function is, unless the context otherwise requires, to be construed accordingly.