Professional Accountants Ordinance

(2A)
For the purpose of subsection
(2
)(
c)
, a certified public
accountant—
(Amended
23 of 2004 s. 54
)
(a)
shall be regarded as being in full time practice as a certified public
                    accountant (practising) if
he—
(Amended
23 of 2004 s. 10
)
(i)
holds a practising certificate;
(ii)
is free to devote substantially the whole of his time during normal
                        office hours to provide his services as a certified public accountant
                        (practising); and
(iii)
has not entered into and there is not subsisting a contract of
                        employment between him and an employer (other than an employer who is a
                        certified public accountant (practising) or a firm of certified public
                        accountants (practising) or a corporate practice) under which he is bound to
                        devote the whole or substantially the whole of his time during normal office
                        hours to his employment; and
(b)
holding a practising certificate shall not be treated as not being in full
                    time practice as a certified public accountant (practising) by reason only of
                    the fact that he is in the employment of a certified public accountant
                    (practising) or a firm of certified public accountants (practising) or a
                    corporate practice,
and normal office hours shall mean those hours at which banks are generally
                open for business in Hong Kong.
(Added
96 of 1994 s. 4
)