anti-corruption policies in asia and the pacific self ... · fight against corruption, endorsing...
TRANSCRIPT
ADB/OECD Anti-Corruption Initiative for Asia and the Pacific
The Secretariat
Jak Jabes, Director, Governance and Regional Co-operation, ADB [email protected] phone: +63 2 632 5749, fax: +63 2 636 2193
Frederic Wehrlé, Co-ordinator, Anti-Corruption Initiatives, Anti-Corruption Division, OECD
[email protected] phone: +33 1 4524 1855, fax: +33 1 4430 6307
Anti-Corruption Policies in Asia and the Pacific
Self-Assessment Report Hong Kong, China
Over the last decade, societies have come to realize the extent to which corruption and bribery has undermined their welfare and stability. Governments, the private sector and civil society alike have consequently declared the fight against corruption to be of highest priority.
In the Asia-Pacific region, twenty-one countries have expressed their commitment to fight corruption by endorsing an anti-corruption action plan within the framework of the ADB/OECD Anti-Corruption Initiative for Asia and the Pacific, a first-of-its-kind partnership between all stakeholders of Asian and Pacific countries. The Action Plan comprehensively promotes the regions’ objectives and needs for reform to develop effective and transparent systems for public service, to strengthen anti-bribery initiatives, to promote integrity in business operations, and to support citizens’ involvement.
In order to gain a comprehensive and structured overview of the endorsing countries’ legal and institutional framework in place to ensure and enhance transparency in the public sector, combat bribery and promote transparency in business operations, and facilitate public involvement in the fight against corruption, endorsing countries of the Action Plan have decided to take stock of their relevant legal and institutional provisions in place.
The following report reflects the Anti-Corruption Policies that Hong Kong, China has reportedly in place as of October 2003. Organized along the topics of the Anti-Corruption Action Plan for Asia and the Pacific, it outlines the legal and institutional framework governing each of its issues, the respective implementing agencies and recent of planned reforms.
Self-assessment reports provided by the other countries that have endorsed the Anti-Corruption Action Plan for Asia-Pacific as well as a summarizing overview of the anti-corruption policies in the region are available at the Initiative’s website (www1.oecd.org/daf/asiacom/stocktaking.htm). For further information about the Anti-Corruption Initiative for Asia-Pacific and its work, please refer to www1.oecd.org/daf/asiacom/.
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Pill
ar I
: D
evel
opin
g E
ffec
tive
and
Tra
nspa
rent
Sys
tem
s fo
r P
ublic
Ser
vice
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
Inte
grity
in P
ublic
Ser
vice
: Est
ablis
h sy
stem
s of
gov
ernm
ent h
iring
of p
ublic
offi
cial
s th
at a
ssur
e op
enne
ss, e
quity
, and
effi
cien
cy a
nd p
rom
ote
hirin
g of
indi
vidu
als
of th
e hi
ghes
t lev
els
of c
ompe
tenc
e an
d in
tegr
ity th
roug
h:
a) D
evel
opm
ent o
f sys
tem
s fo
r co
mpe
nsat
ion
adeq
uate
to s
usta
in
appr
opria
te li
velih
ood
and
acco
rdin
g to
th
e le
vel o
f the
eco
nom
y of
the
coun
try
in q
uest
ion
The
curre
nt p
ay p
olic
y fo
r the
civ
il se
rvic
e in
the
Hon
g Ko
ng S
peci
al A
dmin
istra
tive
Reg
ion
(HKS
AR)
is to
offe
r suf
ficie
nt re
mun
erat
ion
to a
ttrac
t, re
tain
an
d m
otiv
ate
staf
f of a
sui
tabl
e ca
libre
to p
rovi
de th
e pu
blic
with
an
effe
ctiv
e an
d ef
ficie
nt s
ervi
ce. S
uch
rem
uner
atio
n sh
ould
be
rega
rded
as
fair
both
by
civi
l se
rvan
ts a
nd b
y th
e pu
blic
whi
ch th
ey s
erve
. With
in
thes
e pa
ram
eter
s, b
road
com
para
bilit
y w
ith th
e pr
ivat
e se
ctor
is a
n im
porta
nt fa
ctor
in s
ettin
g ci
vil
serv
ice
pay.
Und
er th
e pr
evai
ling
annu
al c
ivil
serv
ice
pay
adju
stm
ent m
echa
nism
, the
Gov
ernm
ent d
ecid
es o
n th
e si
ze o
f any
ann
ual c
ivil
serv
ice
pay
adju
stm
ent
havi
ng re
gard
to th
e fin
ding
s of
a p
ay tr
end
surv
ey
on p
rivat
e co
mpa
nies
, cha
nges
in th
e co
st o
f liv
ing,
th
e st
ate
of th
e ec
onom
y, b
udge
tary
con
side
ratio
ns,
the
staf
f sid
es’ p
ay c
laim
s an
d ci
vil s
ervi
ce m
oral
e.
In a
dditi
on to
ann
ual p
ay a
djus
tmen
t, th
ere
are
perio
dic
revi
ews
of c
ivil
serv
ice
sala
ry s
truct
ure,
and
re
view
s of
the
grad
e st
ruct
ure
or s
alar
y st
ruct
ure
of
parti
cula
r gra
des
or g
roup
s of
gra
des
as th
e ne
ed
aris
es s
o as
to e
nsur
e th
at c
ivil
serv
ice
pay
rem
ains
at
the
appr
opria
te le
vel t
o at
tract
, ret
ain
and
mot
ivat
e
Civ
il Se
rvic
e Bu
reau
(C
SB)
The
Gov
ernm
ent i
s co
nduc
ting
a re
view
of t
he c
ivil
serv
ice
pay
polic
y an
d sy
stem
. In
its P
hase
One
Fi
nal R
epor
t sub
mitt
ed to
the
Gov
ernm
ent i
n Se
ptem
ber 2
002,
the
Task
For
ce o
n R
evie
w o
f C
ivil
Serv
ice
Pay
Polic
y an
d Sy
stem
re
com
men
ded
that
prio
rity
shou
ld b
e gi
ven
in th
e sh
ort t
erm
to d
evis
ing
a pr
actic
al fr
amew
ork
and
met
hodo
logy
for c
ondu
ctin
g a
pay
leve
l sur
vey
and
to re
view
ing
the
pay
trend
sur
vey
met
hodo
logy
. Th
e G
over
nmen
t has
acc
epte
d th
e re
com
men
datio
ns o
f the
Tas
k Fo
rce
in th
is re
gard
an
d ha
s em
bark
ed o
n th
e de
velo
pmen
t of a
n im
prov
ed c
ivil
serv
ice
pay
adju
stm
ent m
echa
nism
. Th
e ai
m is
to c
ompl
ete
the
exer
cise
, inc
ludi
ng th
e co
nduc
t of a
pay
leve
l sur
vey
to c
ompa
re c
ivil
serv
ice
pay
leve
ls w
ith th
ose
in th
e pr
ivat
e se
ctor
, w
ithin
200
4.
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
staf
f.
b) D
evel
opm
ent o
f sys
tem
s fo
r tra
nspa
rent
hiri
ng a
nd p
rom
otio
n to
he
lp a
void
abu
ses
of p
atro
nage
, ne
potis
m, a
nd fa
vour
itism
, hel
p fo
ster
th
e cr
eatio
n of
an
inde
pend
ent c
ivil
serv
ice;
and
hel
p pr
omot
e a
prop
er
bala
nce
betw
een
polit
ical
and
car
eer
appo
intm
ents
Civ
il se
rvic
e re
gula
tions
pre
scrib
e th
at re
crui
tmen
t an
d pr
omot
ion
exer
cise
s m
ust b
e ca
rried
out
on
an
open
, fai
r and
mer
itocr
atic
bas
is. A
ppoi
ntm
ents
to
seni
or c
ivil
serv
ice
post
s ar
e su
bjec
t to
the
inde
pend
ent a
dvic
e of
the
Publ
ic S
ervi
ce
Com
mis
sion
(PSC
) und
er th
e PS
C O
rdin
ance
(Cap
. 93
). Th
e PS
C is
an
inde
pend
ent s
tatu
tory
bod
y to
ad
vise
the
Chi
ef E
xecu
tive
of th
e H
KSAR
on
mat
ters
re
gard
ing
the
fillin
g of
pub
lic s
ervi
ce v
acan
cies
, pr
omot
ion
and
cond
uct a
nd d
isci
plin
e of
pub
lic
offic
ers.
A c
opy
of th
e O
rdin
ance
is a
vaila
ble
at
http
://w
ww
.just
ice.
gov.
hk/H
ome.
htm
.
CSB
c) D
evel
opm
ent o
f sys
tem
s to
pro
vide
ap
prop
riate
ove
rsig
ht o
f dis
cret
iona
ry
deci
sion
s an
d of
per
sonn
el w
ith
auth
ority
to m
ake
disc
retio
nary
de
cisi
ons
The
appo
intm
ent a
utho
rity
in th
e ci
vil s
ervi
ce h
as
been
del
egat
ed to
offi
cers
at v
ario
us le
vels
und
er th
e re
leva
nt C
SB c
ircul
ars.
Sen
ior a
ppoi
ntm
ents
are
su
bjec
t to
the
advi
ce o
f the
PSC
. Und
er th
e Pu
blic
Se
rvic
e (A
dmin
istra
tion)
Ord
er, p
ublic
offi
cers
may
su
bmit
repr
esen
tatio
ns o
f a p
ublic
or p
rivat
e na
ture
to
the
Chi
ef E
xecu
tive
if th
ey fe
el a
ggrie
ved
by
deci
sion
s co
ncer
ning
app
oint
men
t, pr
omot
ion
or
disc
iplin
ary
mat
ters
. The
Pub
lic S
ervi
ce
(Adm
inis
tratio
n) O
rder
is a
vaila
ble
at
http
://w
ww
.csb
.gov
.hk/
hkgc
sb/d
oclib
/ps_
a_o.
pdf.
CSB
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
d) D
evel
opm
ent o
f per
sonn
el s
yste
ms
that
incl
ude
regu
lar a
nd ti
mel
y ro
tatio
n of
ass
ignm
ents
to re
duce
insu
larit
y th
at
wou
ld fo
ster
cor
rupt
ion
An e
stab
lishe
d sy
stem
of r
egul
ar p
ostin
g is
alre
ady
in p
lace
with
in th
e ci
vil s
ervi
ce, f
or re
ason
s w
hich
in
clud
e bu
t are
not
con
fined
to p
reve
ntio
n of
co
rrupt
ion.
CSB
Inte
grity
in P
ublic
Ser
vice
: Est
ablis
h et
hica
l and
adm
inis
trativ
e co
des
of c
ondu
ct th
at p
rosc
ribe
conf
licts
of i
nter
est,
ensu
re th
e pr
oper
use
of p
ublic
reso
urce
s, a
nd p
rom
ote
the
high
est
leve
ls o
f pro
fess
iona
lism
and
inte
grity
thro
ugh:
a) P
rohi
bitio
ns o
r res
trict
ions
gov
erni
ng
conf
licts
of i
nter
est
Ther
e ar
e de
taile
d ci
vil s
ervi
ce ru
les
on a
void
ance
of
conf
lict o
f int
eres
t. Th
e ru
les
touc
h on
var
ious
co
nduc
t mat
ters
, e.g
. inv
estm
ents
and
out
side
wor
k.
The
rule
s re
quire
civ
il se
rvan
ts to
avo
id o
r dec
lare
an
y co
nflic
t tha
t may
aris
e or
has
aris
en b
etw
een
thei
r priv
ate
inte
rest
s an
d of
ficia
l dut
ies.
CSB
Th
e ci
vil s
ervi
ce ru
les
on a
void
ance
of c
onfli
ct o
f in
tere
st a
re re
view
ed a
nd u
pdat
ed fr
om ti
me
to
time
to e
nsur
e cl
arity
and
ade
quac
y in
pre
sent
-day
ci
rcum
stan
ces.
b) S
yste
ms
to p
rom
ote
trans
pare
ncy
thro
ugh
disc
losu
re a
nd/o
r mon
itorin
g of
, for
exa
mpl
e, p
erso
nal a
sset
s an
d lia
bilit
ies
Ther
e ar
e de
taile
d ci
vil s
ervi
ce ru
les
on d
ecla
ratio
n of
inve
stm
ents
by
civi
l ser
vant
s. T
he ru
les
requ
ire
civi
l ser
vant
s to
avo
id h
avin
g pr
ivat
e in
vest
men
ts
whi
ch m
ay c
ause
real
or p
oten
tial c
onfli
ct w
ith th
eir
offic
ial d
utie
s. C
ivil
serv
ants
fillin
g de
sign
ated
pos
ts
nota
bly
thos
e at
the
uppe
r ech
elon
s of
the
serv
ice
are
in a
dditi
on re
quire
d to
dec
lare
, on
a re
gula
r ba
sis,
thei
r priv
ate
inve
stm
ents
in a
nd o
utsi
de H
ong
Kong
. For
top
offic
ials
(i.e
. Prin
cipa
l Offi
cial
s an
d of
ficer
s fil
ling
Perm
anen
t Sec
reta
ry p
osts
or
equi
vale
nt),
thei
r dec
lara
tions
are
ava
ilabl
e fo
r pub
lic
insp
ectio
n up
on re
ques
t.
CSB
Th
e ce
ntra
l gui
delin
es o
n de
clar
atio
n of
in
vest
men
ts b
y ci
vil s
erva
nts
wer
e la
st re
vise
d in
20
01 fo
llow
ing
a re
view
.
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
c) S
ound
adm
inis
trativ
e sy
stem
s w
hich
en
sure
that
con
tact
bet
wee
n go
vern
men
t offi
cial
s an
d bu
sine
ss
serv
ices
use
rs, n
otab
ly in
the
area
of
taxa
tion,
cus
tom
s an
d ot
her c
orru
ptio
n-pr
one
area
s, a
re fr
ee fr
om u
ndue
and
im
prop
er in
fluen
ce
The
Inde
pend
ent C
omm
issi
on A
gain
st C
orru
ptio
n (IC
AC) i
n th
e H
KSAR
is th
e bo
dy re
spon
sibl
e fo
r fig
htin
g co
rrupt
ion.
Und
er s
ectio
n 12
of t
he IC
AC
Ord
inan
ce (I
CAC
O) (
Cap
. 204
), it
is th
e du
ties
of th
e C
omm
issi
oner
, IC
AC to
exa
min
e th
e pr
actic
es a
nd
proc
edur
es o
f Gov
ernm
ent d
epar
tmen
ts a
nd p
ublic
bo
dies
to fa
cilit
ate
the
disc
over
y of
cor
rupt
pra
ctic
es
and
to a
dvis
e he
ads
of th
ese
bodi
es c
hang
es in
pr
actic
es o
r pro
cedu
res
to re
duce
the
likel
ihoo
d of
th
e oc
curre
nce
of c
orru
pt p
ract
ices
. The
Cor
rupt
ion
Prev
entio
n D
epar
tmen
t of t
he IC
AC s
yste
mat
ical
ly
revi
ews
publ
ic s
ecto
r pra
ctic
es a
nd p
roce
dure
s. A
to
tal o
f 105
ass
ignm
ents
wer
e co
mpl
eted
in 2
002.
R
epor
ts o
f the
stu
dies
are
issu
ed to
Gov
ernm
ent
depa
rtmen
ts a
nd p
ublic
sec
tor o
rgan
isat
ions
. The
list
of
ass
ignm
ents
stu
dies
is p
ublis
hed
in th
e IC
AC
Advi
sory
Com
mitt
ee A
nnua
l Rep
ort u
nder
the
ICAC
An
nual
Rep
ort 2
002
avai
labl
e at
ht
tp://
ww
w.ic
ac.o
rg.h
k/en
g/0/
1/10
/16.
htm
l.
Prio
rity
is g
iven
to c
orru
ptio
n pr
one
area
s, in
clud
ing
taxa
tion
and
cust
oms
mat
ters
. For
exa
mpl
e, in
re
cent
yea
rs, a
num
ber o
f stu
dies
wer
e co
nduc
ted
for t
he C
usto
ms
and
Exci
se D
epar
tmen
t con
cern
ing
the
latte
r’s in
vest
igat
ion/
pros
ecut
ion
wor
k,
carg
o/pa
ssen
ger p
roce
ssin
g at
var
ious
cus
tom
s co
ntro
l poi
nts,
shi
p se
arch
and
ope
n bo
nded
w
areh
ouse
ope
ratio
ns. A
sem
inar
was
als
o or
gani
sed
on “S
taff
Inde
bted
ness
” for
the
offic
ers
conc
erne
d. S
epar
atel
y, th
e w
ork
proc
edur
es o
f the
In
land
Rev
enue
Dep
artm
ent (
IRD
) was
als
o
ICAC
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
revi
ewed
thro
ugh
cond
uctin
g st
udie
s on
the
wor
k of
its
Insp
ectio
n Se
ctio
n an
d Es
tate
Dut
y O
ffice
, and
th
e pr
oced
ures
for h
andl
ing
prof
it ta
x re
turn
def
ault
case
s. A
dvic
e w
as a
lso
offe
red
on IR
D’s
de
partm
enta
l circ
ular
on
“Con
flict
of I
nter
est”.
In a
dditi
on, a
who
le ra
nge
of B
est P
ract
ices
Pa
ckag
es h
ave
been
dev
elop
ed b
y th
e IC
AC to
pr
ovid
e pr
ivat
e se
ctor
com
pani
es a
nd p
ublic
co
rpor
atio
ns w
ith u
ser-f
riend
ly g
uide
lines
on
plug
ging
cor
rupt
ion
loop
hole
s. S
ee
http
://w
ww
.icac
.org
.hk/
eng/
prev
/pre
v_de
pt_7
.htm
l.
d) P
rom
otio
n of
cod
es o
f con
duct
ta
king
due
acc
ount
of t
he e
xist
ing
rele
vant
inte
rnat
iona
l sta
ndar
ds a
s w
ell
as e
ach
coun
try’s
trad
ition
al c
ultu
ral
stan
dard
s, a
nd
regu
lar e
duca
tion,
trai
ning
and
su
perv
isio
n of
offi
cial
s to
ens
ure
prop
er
unde
rsta
ndin
g of
thei
r res
pons
ibilit
ies
Appr
opria
te le
gisl
atio
n an
d ci
vil s
ervi
ce ru
les
are
in
plac
e to
ena
ble
the
Gov
ernm
ent t
o m
aint
ain
a hi
gh
stan
dard
of p
robi
ty w
ithin
the
civi
l ser
vice
. The
Pr
even
tion
of B
riber
y O
rdin
ance
(PO
BO) (
Cap
. 201
) (a
vaila
ble
at h
ttp://
ww
w.ju
stic
e.go
v.hk
/Hom
e.ht
m)
proh
ibits
brib
ery
in th
e ci
vil s
ervi
ce a
nd s
ets
out t
he
min
imum
acc
epta
ble
stan
dard
s of
beh
avio
ur fo
r a
publ
ic o
ffici
al. O
n to
p of
that
, civ
il se
rvic
e ru
les
have
be
en p
rom
ulga
ted
to g
over
n th
e co
nduc
t of c
ivil
serv
ants
in p
artic
ular
are
as, i
nclu
ding
“out
side
wor
k”
and
empl
oym
ent a
fter r
etire
men
t.
CSB
wor
ks c
lose
ly w
ith th
e IC
AC a
nd o
ther
G
over
nmen
t dep
artm
ents
to p
rom
ote
a cl
ean
civi
l se
rvic
e an
d to
inst
il a
cultu
re o
f int
egrit
y am
ongs
t st
aff.
Such
effo
rts in
clud
e or
gani
satio
n of
se
min
ars/
wor
ksho
ps, p
rodu
ctio
n of
han
dboo
ks o
n in
tegr
ity re
late
d is
sues
, etc
. to
enha
nce
staf
f’s
unde
rsta
ndin
g of
the
high
sta
ndar
d of
con
duct
CSB
R
ecen
t pro
mot
iona
l effo
rts in
clud
e th
e fo
llow
ing
-
In th
e tw
o ye
ars
endi
ng 2
002,
CSB
has
pr
omul
gate
d re
vise
d ci
rcul
ars
on s
ubje
cts
incl
udin
g de
clar
atio
n of
inve
stm
ents
by
civi
l ser
vant
s, s
taff
inde
bted
ness
, and
acc
epta
nce
of a
dvan
tage
s an
d en
terta
inm
ent;
Of t
he 6
7 G
over
nmen
t dep
artm
ents
in th
e H
KSAR
, 62
hav
e is
sued
up-
to-d
ate
code
s/gu
idel
ines
on
cond
uct a
nd d
isci
plin
e;
In th
e tw
o ye
ars
endi
ng 2
002,
ove
r 44,
000
offic
ers
have
atte
nded
sem
inar
s or
trai
ning
ses
sion
s on
in
tegr
ity;
A “L
eade
rshi
p Fo
rum
200
2” w
as o
rgan
ized
by
CSB
an
d th
e IC
AC in
Dec
embe
r 200
2 fo
r ove
r 800
bu
sine
ss a
nd G
over
nmen
t lea
ders
to p
rom
ote
ethi
cal m
anag
emen
t in
the
HKS
AR a
s a
who
le;
and
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
expe
cted
of t
hem
.
Plea
se v
isit
the
follo
win
g w
ebsi
te fo
r inf
orm
atio
n on
in
tegr
ity m
anag
emen
t in
the
civi
l ser
vice
:
http
://w
ww
.csb
.gov
.hk/
hkgc
sb/s
how
disp
lay.
jsp?
page
_no=
134&
lang
_iso
=en_
uk
In th
e lig
ht o
f the
risi
ng n
umbe
r of b
ankr
uptc
y ca
ses
in th
e ci
vil s
ervi
ce, C
SB o
rgan
ised
thre
e se
min
ars
on m
anag
emen
t of i
ndeb
ted
staf
f and
pr
uden
t man
agem
ent o
f per
sona
l fin
ance
for
depa
rtmen
tal m
anag
ers
and
staf
f in
late
200
2 an
d ea
rly 2
003
to e
nhan
ce th
eir a
war
enes
s of
the
issu
e.
As p
art o
f on-
goin
g ef
forts
to u
phol
d a
high
st
anda
rd o
f int
egrit
y in
the
civi
l ser
vice
, vis
it pr
ogra
mm
es to
dep
artm
ents
and
sem
inar
s/tra
inin
g se
ssio
ns w
ill be
org
aniz
ed, a
nd th
e co
nten
t of a
n el
ectro
nic
reso
urce
cen
tre o
n in
tegr
ity, p
rom
otio
n of
bes
t pra
ctic
es, e
tc. w
ill be
enh
ance
d.
e) M
easu
res
whi
ch e
nsur
e th
at o
ffici
als
repo
rt ac
ts
of c
orru
ptio
n an
d
whi
ch p
rote
ct th
e sa
fety
and
pr
ofes
sion
al s
tatu
s of
thos
e w
ho d
o
In th
e G
over
nmen
t, pu
blic
offi
cial
s ar
e re
quire
d to
re
port
imm
edia
tely
to th
e IC
AC a
ll in
stan
ces
of
atte
mpt
ed b
riber
y w
hich
they
may
com
e ac
ross
in
eith
er th
eir o
ffici
al o
r per
sona
l cap
aciti
es. B
reac
hes
of th
is re
quire
men
t may
resu
lt in
dis
cipl
inar
y ac
tion.
In
add
ition
, sec
tion
16 o
f the
PO
BO re
quire
s pu
blic
of
ficia
ls to
rend
er a
ssis
tanc
e to
ICAC
inve
stig
atio
n of
ficer
s w
hen
requ
este
d. F
ailu
re to
do
so m
ay re
nder
an
offi
cer l
iabl
e in
cer
tain
circ
umst
ance
s to
pr
osec
utio
n.
Whi
le p
ublic
offi
cial
s ar
e du
ty b
ound
to re
port
all
inst
ance
s of
atte
mpt
ed b
riber
y w
hich
they
com
e ac
ross
, the
ICAC
ass
ures
the
iden
tity
of th
e in
form
ants
wou
ld b
e ke
pt c
onfid
entia
l, as
pro
vide
d fo
r in
sect
ions
30
and
30A
of th
e PO
BO. S
ectio
ns 3
0 an
d 30
A of
the
POBO
pro
vide
spe
cific
ally
that
it is
an
ICAC
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
offe
nce
to d
iscl
ose
the
iden
tity,
etc
. of p
erso
ns b
eing
in
vest
igat
ed, a
nd th
e id
entit
ies
of in
form
ers
are
prot
ecte
d. S
ectio
n 30
A pr
ovid
es th
at w
itnes
s sh
all
not b
e ob
liged
to a
nsw
er q
uest
ions
to w
hich
the
answ
ers
may
lead
to th
e di
sclo
sure
of t
he id
entit
y of
an
info
rman
t who
is n
ot te
stify
ing
in th
e pr
ocee
ding
. Al
l pro
secu
tions
und
er s
ectio
n 30
will
be c
onsi
dere
d by
the
Dep
artm
ent o
f Jus
tice
(DoJ
). O
n co
nvic
tion,
th
e pe
nalty
for b
reac
hing
sec
tion
30 c
ould
be
a fin
e of
HK$
20,0
00 a
nd im
pris
onm
ent f
or o
ne y
ear.
Also
, it
is c
lear
ly s
tate
d in
the
CSB
circ
ular
that
an
offic
er
will
not b
e pe
naliz
ed fo
r lod
ging
a c
ompl
aint
whi
ch is
m
ade
in g
ood
faith
. The
se m
easu
res
serv
e to
ens
ure
that
pub
lic o
ffici
als
will
com
e fo
rwar
d to
repo
rt an
y co
rrupt
act
with
out f
ear o
f unf
air t
reat
men
t.
The
ICAC
ass
ists
Gov
ernm
ent d
epar
tmen
ts in
pr
omul
gatin
g gu
idel
ines
for s
taff
on w
hat t
hey
shou
ld
do if
they
are
offe
red
a br
ibe.
In th
e IC
AC
educ
atio
nal p
ublic
atio
ns a
nd w
hen
cond
uctin
g co
rrupt
ion
prev
entio
n se
min
ars
for p
ublic
offi
cial
s,
the
ICAC
stre
sses
the
impo
rtanc
e of
repo
rting
co
rrupt
ion
to th
e IC
AC a
nd a
ssur
es th
e pa
rtici
pant
s th
at s
uch
repo
rts w
ould
be
kept
con
fiden
tial.
See
http
://w
ww
.icac
.org
.hk.
In a
dditi
on, t
he w
itnes
s pr
otec
tion
prog
ram
me
esta
blis
hed
and
mai
ntai
ned
unde
r the
Witn
ess
Prot
ectio
n O
rdin
ance
(Cap
. 564
) pro
vide
s pr
otec
tion
or o
ther
ass
ista
nce
for w
itnes
ses
who
se p
erso
nal
safe
ty o
r wel
l bei
ng m
ay b
e at
risk
as
a re
sult
of
bein
g w
itnes
ses.
The
re a
re tw
o ki
nds
of p
rote
ctio
n to
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
offe
r: (a
) phy
sica
l pro
tect
ion
(for e
xam
ple,
the
witn
ess
conc
erne
d w
ould
be
acco
mpa
nied
by
ICAC
of
ficer
s or
acc
omm
odat
ed in
“saf
e ho
use”
); an
d (b
) ot
her a
ssis
tanc
e (e
.g. c
hang
e of
iden
tity)
. The
ap
prov
ing
auth
ority
has
the
sole
resp
onsi
bilit
y of
de
cidi
ng w
heth
er o
r not
to in
clud
e a
witn
ess
in th
e w
itnes
s pr
otec
tion
prog
ram
me.
The
re w
ere
man
y ca
ses
in th
e pa
st in
whi
ch w
itnes
s pr
otec
tion
in o
ne
form
or a
noth
er w
ere
appr
oved
and
offe
red.
A pe
rson
who
is a
ggrie
ved
by a
dec
isio
n of
the
appr
ovin
g au
thor
ity n
ot to
incl
ude
him
, to
term
inat
e hi
s pr
otec
tion
as a
par
ticip
ant,
or n
ot to
est
ablis
h a
new
iden
tity
for h
im a
s a
parti
cipa
nt in
the
witn
ess
prot
ectio
n pr
ogra
mm
e m
ay re
ques
t tha
t the
dec
isio
n be
revi
ewed
by
the
ICAC
Witn
ess
Prot
ectio
n R
evie
w
Boar
d Pa
nel s
et u
p un
der s
ectio
n 14
of t
he W
itnes
s Pr
otec
tion
Ord
inan
ce. T
he IC
AC W
itnes
s Pr
otec
tion
Rev
iew
Boa
rd P
anel
is c
haire
d by
the
Hea
d of
O
pera
tions
of t
he IC
AC a
nd c
ompr
ises
inde
pend
ent
com
mun
ity p
erso
nalit
ies
as m
embe
rs.
A co
py o
f the
Ord
inan
ces
is a
vaila
ble
at
http
://w
ww
.just
ice.
gov.
hk/H
ome.
htm
.
Acco
unta
bilit
y an
d Tr
ansp
aren
cy: S
afeg
uard
acc
ount
abilit
y of
pub
lic s
ervi
ce th
roug
h ef
fect
ive
fram
ewor
ks, m
anag
emen
t pra
ctic
es, a
nd a
uditi
ng p
roce
dure
s th
roug
h
a) M
easu
res
and
syst
ems
to p
rom
ote
fisca
l tra
nspa
renc
y Th
e an
nual
bud
get i
s pr
esen
ted
to a
nd th
e re
leva
nt
Appr
opria
tion
Bill
is s
crut
iniz
ed b
y th
e Le
gisl
ativ
e C
ounc
il (L
egC
o) a
s re
quire
d un
der t
he P
ublic
Fi
nanc
e O
rdin
ance
(Cap
. 2) (
a co
py o
f the
O
rdin
ance
is a
vaila
ble
at
Fina
ncia
l Ser
vice
s an
d th
e Tr
easu
ry B
urea
u (F
STB)
(Tre
asur
y Br
anch
)
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
http
://w
ww
.just
ice.
gov.
hk/H
ome.
htm
). In
add
ition
, m
ajor
cha
nges
to th
e an
nual
Est
imat
es o
f Ex
pend
iture
, add
ition
al fu
ndin
g re
quire
d fo
r im
plem
enta
tion
of G
over
nmen
t pro
ject
s an
d pr
ogra
mm
es a
re s
ubje
ct to
the
appr
oval
of t
he
Fina
nce
Com
mitt
ee o
f Leg
Co.
Leg
Co
Mem
bers
are
at
libe
rty to
que
ry o
r offe
r sug
gest
ions
on
the
spen
ding
of p
ublic
mon
ies.
Leg
Co
and
its F
inan
ce
Com
mitt
ee h
old
thei
r mee
tings
in p
ublic
and
thei
r pa
pers
and
reco
rds
of p
roce
edin
gs a
re a
vaila
ble
to
the
publ
ic (s
ee h
ttp://
ww
w.le
gco.
gov.
hk).
b) A
dopt
ion
of e
xist
ing
rele
vant
in
tern
atio
nal s
tand
ards
and
pra
ctic
es
for r
egul
atio
n an
d su
perv
isio
n of
fin
anci
al in
stitu
tions
Suffi
cien
t reg
ulat
ion
and
prud
ent s
uper
visi
on o
f fin
anci
al in
stitu
tions
are
in p
lace
. Crit
eria
for g
rant
ing
auth
oriz
atio
n to
fina
ncia
l ins
titut
ions
are
als
o cl
early
se
t out
in le
gisl
atio
n or
gui
delin
es.
Bank
ing
Sect
or
Ther
e is
a lo
ng li
st o
f pro
visi
ons
unde
r the
Ban
king
O
rdin
ance
(Cap
. 155
) (av
aila
ble
at
http
://w
ww
.just
ice.
gov.
hk/H
ome.
htm
) whi
ch is
re
leva
nt to
the
auth
oris
atio
n an
d on
-goi
ng
supe
rvis
ion
of a
utho
rised
inst
itutio
ns (A
Is).
The
maj
or o
nes
are:
auth
oriz
atio
n to
car
ry o
n ba
nkin
g bu
sine
ss o
r the
bu
sine
ss o
f tak
ing
depo
sits
as
wel
l as
revo
catio
n or
su
spen
sion
of a
utho
risat
ion
(Par
ts IV
to V
I, Se
vent
h an
d Ei
ghth
Sch
edul
es)
cont
rol o
f est
ablis
hmen
t of b
ranc
hes
and
subs
idia
ries
of A
Is (P
arts
VIII
and
IX)
FSTB
(Fin
anci
al S
ervi
ces
Bran
ch)
Hon
g Ko
ng M
onet
ary
Auth
ority
SFC
OC
I
MPF
SA
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
pow
ers
of c
ontro
l ove
r AIs
(Par
t X)
audi
ts a
nd m
eetin
gs (P
art X
I)
disc
losu
re o
f inf
orm
atio
n by
AIs
(Par
t XII)
owne
rshi
p an
d m
anag
emen
t of A
Is (P
art X
III)
larg
e ex
posu
res
of A
Is (P
art X
V)
adve
rtise
men
ts, r
epre
sent
atio
ns a
nd u
se o
f titl
e "b
ank"
(Par
t XVI
)
capi
tal a
dequ
acy
ratio
(Par
t XVI
I)
liqui
dity
ratio
(Par
t XVI
II)
The
abov
e ar
e su
pple
men
ted
by th
e G
uide
to
Auth
oris
atio
n an
d th
e Su
perv
isor
y Po
licy
Man
ual
(bot
h av
aila
ble
at h
ttp://
ww
w.in
fo.g
ov.h
k/hk
ma/
).
Secu
ritie
s Se
ctor
The
Secu
ritie
s an
d Fu
ture
s C
omm
issi
on (S
FC) i
s an
in
depe
nden
t sta
tuto
ry b
ody
outs
ide
the
civi
l ser
vice
, re
spon
sibl
e fo
r reg
ulat
ing
the
secu
ritie
s an
d fu
ture
s m
arke
ts in
Hon
g Ko
ng. T
he re
cent
com
men
cem
ent
of th
e Se
curit
ies
and
Futu
res
Ord
inan
ce o
n 1
April
20
03 in
trodu
ces
a nu
mbe
r of n
ew re
gula
tory
m
easu
res
to e
nsur
e a
fair,
ord
erly
and
tran
spar
ent
mar
ket,
stre
amlin
es re
gula
tory
requ
irem
ents
and
pr
ovid
es a
flex
ible
fram
ewor
k fo
r fac
ilitat
ing
mar
ket
inno
vatio
ns. M
oreo
ver,
nece
ssar
y sa
fegu
ards
hav
e be
en in
clud
ed. T
he n
ew S
ecur
ities
and
Fut
ures
O
rdin
ance
con
tain
s, a
mon
g ot
hers
, the
follo
win
g ne
w fe
atur
es: c
lear
ly d
efin
ed re
gula
tory
obj
ectiv
es;
intro
duct
ion
of a
new
sin
gle
licen
sing
regi
me;
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
enha
ncin
g SF
C’s
insp
ectio
n an
d in
vest
igat
ion
pow
ers
on li
sted
com
pani
es; s
ettin
g up
new
and
im
prov
ed in
vest
or c
ompe
nsat
ion
arra
ngem
ents
; st
reng
then
ing
SFC
’s s
anct
ion
pow
ers
to d
isci
plin
e in
term
edia
ries;
and
requ
iring
mor
e tra
nspa
rent
di
sclo
sure
by
dire
ctor
s an
d su
bsta
ntia
l sha
reho
lder
s of
list
ed c
ompa
nies
. A c
ompr
ehen
sive
insi
ght i
nto
the
regu
lato
ry a
ppro
ach
of S
FC a
nd th
e le
gisl
atio
n,
code
s an
d gu
idel
ines
gov
erni
ng th
e re
gula
tion
of th
e se
curit
ies
indu
stry
can
be
foun
d in
the
Reg
ulat
ory
Han
dboo
k at
ht
tp://
ww
w.h
ksfc
.org
.hk/
eng/
bills
/htm
l/ind
ex/in
dex2
.ht
ml (
see
Volu
me
1 fo
r the
Reg
ulat
ory
Philo
soph
y an
d Vo
lum
e 2
for t
he B
usin
ess
Stan
dard
s).
The
Fina
ncia
l Sys
tem
Sta
bilit
y As
sess
men
t (FS
SA)
on H
ong
Kong
by
the
Inte
rnat
iona
l Mon
etar
y Fu
nd
(IMF)
incl
udes
an
asse
ssm
ent o
f the
obs
erva
nce
of
vario
us in
tern
atio
nal s
tand
ards
(see
ht
tp://
ww
w.im
f.org
/ext
erna
l/pub
s/ca
t/lon
gres
.cfm
?sk=
1667
4.0)
. The
FSS
A w
as c
ompi
led
unde
r the
Fi
nanc
ial S
ecto
r Ass
essm
ent P
rogr
amm
e (F
SAP)
. FS
AP is
a jo
int I
MF-
Wor
ld B
ank
prog
ram
me
whi
ch
prov
ides
a d
iagn
osis
of t
he d
evel
opm
ent n
eeds
of a
m
embe
r jur
isdi
ctio
n (p
artic
ular
ly in
resp
ect o
f the
sa
fety
and
sou
ndne
ss o
f its
fina
ncia
l sys
tem
), th
ereb
y he
lpin
g to
enh
ance
the
mem
ber’s
abi
lity
to
redu
ce th
e lik
elih
ood
and/
or s
ever
ity o
f fin
anci
al
sect
or c
rises
. The
ass
essm
ent s
how
s th
at th
e H
KSAR
’s a
dher
ence
with
inte
rnat
iona
l fin
anci
al
sect
or s
tand
ards
and
cod
es is
ver
y st
rong
, eve
n th
ough
in e
ach
area
, cer
tain
asp
ects
wer
e id
entif
ied
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
whe
re fu
rther
impr
ovem
ents
wou
ld b
e de
sira
ble,
m
ostly
refle
ctin
g th
e ro
le o
f the
HKS
AR a
s an
im
porta
nt in
tern
atio
nal f
inan
cial
cen
ter.
The
HKS
AR
auth
oriti
es a
re w
ell a
war
e of
the
area
s fo
r fur
ther
re
form
s an
d ha
ve b
een
addr
essi
ng th
e pr
iorit
y is
sues
.
Insu
ranc
e Se
ctor
Auth
oriz
atio
n cr
iteria
for a
n in
sure
r inc
lude
mee
ting
the
min
imum
cap
ital a
nd s
olve
ncy
mar
gin
requ
irem
ents
, man
agem
ent a
nd c
ontro
llers
to b
e fit
an
d pr
oper
per
sons
, ade
quat
e re
insu
ranc
e pr
otec
tion
arra
ngem
ent a
nd a
via
ble
busi
ness
pla
n.
Thes
e cr
iteria
are
in li
ne w
ith th
e in
tern
atio
nal
stan
dard
s re
com
men
ded
by th
e In
tern
atio
nal
Asso
ciat
ion
of In
sura
nce
Supe
rvis
ors.
Mor
eove
r, th
e ch
ief e
xecu
tive
appo
inte
d by
the
auth
oriz
ed in
sure
r is
exp
ecte
d to
resi
de in
Hon
g Ko
ng. T
hese
in
form
atio
n ca
n be
foun
d in
sec
tion
8 of
the
Insu
ranc
e C
ompa
nies
Ord
inan
ce (C
ap. 4
1) a
nd th
e gu
idan
ce n
otes
of t
he O
ffice
of t
he C
omm
issi
oner
of
Insu
ranc
e (O
CI)
- GN
5: G
uida
nce
Not
e on
Ap
plic
atio
n fo
r Aut
horiz
atio
n to
car
ry o
n In
sura
nce
Busi
ness
in o
r fro
m H
ong
Kong
. An
auth
oriz
ed
insu
rer i
s fu
rther
requ
ired
to o
bser
ve O
CI’s
GN
10:
Gui
danc
e N
ote
on th
e C
orpo
rate
Gov
erna
nce
of
Auth
oriz
ed In
sure
rs.
The
Insu
ranc
e C
ompa
nies
Ord
inan
ce a
nd s
ubsi
diar
y le
gisl
atio
n ar
e av
aila
ble
at
http
://w
ww
.just
ice.
gov.
hk/H
ome.
htm
. OC
I’s g
uida
nce
note
s an
d di
rect
ives
can
be
foun
d at
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
http
://w
ww
.info
.gov
.hk/
oci/.
Cor
pora
te T
rust
ees
of M
anda
tory
Pro
vide
nt F
und
Sche
mes
The
crite
ria fo
r the
app
rova
l of c
orpo
rate
trus
tees
are
sp
ecifi
ed in
sec
tions
2 a
nd 2
0 of
the
Man
dato
ry
Prov
iden
t Sch
emes
Ord
inan
ce (C
ap. 4
85),
sect
ion
16 o
f the
Man
dato
ry P
rovi
dent
Fun
d Sc
hem
es
(Gen
eral
) Reg
ulat
ion
(Cap
. 485
A) a
nd th
e G
uide
lines
issu
ed b
y th
e M
anda
tory
Pro
vide
nt F
und
Sche
mes
Aut
horit
y (M
PFSA
) (I.1
- G
uide
lines
on
Appl
icat
ion
for A
ppro
val a
s Tr
uste
es).
The
maj
or
crite
ria a
re –
a re
gist
ered
trus
t com
pany
busi
ness
mus
t be
limite
d to
trus
t bus
ines
s
at le
ast 5
dire
ctor
s (m
ust b
e na
tura
l per
sons
)
at le
ast o
ne o
f the
dire
ctor
s is
an
inde
pend
ent
dire
ctor
the
chie
f exe
cutiv
e of
ficer
and
a m
ajor
ity o
f the
di
rect
ors
(whi
ch m
ust i
nclu
de a
n in
depe
nden
t di
rect
or) h
ave
the
rele
vant
ski
ll an
d ex
perie
nce
all c
ontro
llers
are
per
sons
of g
ood
repu
tatio
n an
d ch
arac
ter
the
appl
ican
t mus
t com
ply
with
the
pres
crib
ed c
apita
l ad
equa
cy re
quire
men
ts
the
appl
ican
t has
suf
ficie
nt p
rese
nce
and
cont
rol i
n H
ong
Kong
(e.g
. the
chi
ef e
xecu
tive
offic
er o
rdin
arily
re
side
s in
Hon
g Ko
ng)
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
the
appl
ican
t is
capa
ble
of c
arry
ing
on a
bus
ines
s of
ad
min
iste
ring
regi
ster
ed s
chem
es
A co
py o
f the
Ord
inan
ce a
nd R
egul
atio
n is
ava
ilabl
e at
http
://w
ww
.just
ice.
gov.
hk/H
ome.
htm
. The
G
uide
lines
issu
ed b
y M
PFSA
can
be
foun
d at
ht
tp://
ww
w.m
pfah
k.or
g/vi
ewPa
geTe
xt.a
sp?n
odeI
D=8
7&la
ngN
o=1)
.
c) A
ppro
pria
te a
uditi
ng p
roce
dure
s ap
plic
able
to p
ublic
adm
inis
tratio
n an
d th
e pu
blic
sec
tor,
and
mea
sure
s an
d sy
stem
s to
pro
vide
tim
ely
publ
ic re
porti
ng o
n pe
rform
ance
an
d de
cisi
on m
akin
g
In a
ccor
danc
e w
ith s
ectio
n 11
of t
he A
udit
Ord
inan
ce
(Cap
.122
) (av
aila
ble
at
http
://w
ww
.just
ice.
gov.
hk/H
ome.
htm
), th
e D
irect
or o
f Ac
coun
ting
Serv
ices
has
to s
ubm
it th
e an
nual
ac
coun
ts o
f the
Gov
ernm
ent w
ithin
five
mon
ths
upon
th
e cl
ose
of th
e fin
anci
al y
ear.
Purs
uant
to s
ectio
ns 8
an
d 12
of t
he O
rdin
ance
, the
Dire
ctor
of A
udit
exam
ines
and
aud
its th
e ac
coun
ts in
resp
ect o
f pu
blic
mon
eys.
The
Pub
lic A
ccou
nts
Com
mitt
ee
(PAC
) of L
egC
o (s
ee h
ttp://
ww
w.le
gco.
gov.
hk)
cons
ider
s re
ports
of t
he D
irect
or o
f Aud
it on
the
acco
unts
and
the
resu
lts o
f val
ue-fo
r-mon
ey a
udits
of
the
Gov
ernm
ent a
nd o
ther
org
anis
atio
ns w
hich
ar
e w
ithin
the
purv
iew
of p
ublic
aud
it. G
over
nmen
t of
ficia
ls a
ttend
mee
tings
of t
he P
AC to
exc
hang
e vi
ews
with
Leg
Co
Mem
bers
on
Gov
ernm
ent p
olic
ies
and
prac
tices
. The
PAC
may
form
ulat
e its
ow
n re
com
men
datio
ns o
n m
easu
res
to im
prov
e th
e ef
ficie
ncy,
effe
ctiv
enes
s or
eco
nom
y in
the
utilis
atio
n of
pub
lic re
sour
ces.
Gov
ernm
ent b
urea
ux a
nd d
epar
tmen
ts re
port
to th
e pu
blic
on
polic
ies
and
deci
sion
of p
ublic
inte
rest
s by
FSTB
(Tre
asur
y Br
anch
)
Audi
t Com
mis
sion
All b
urea
ux
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
hold
ing
pres
s co
nfer
ence
s, is
suin
g pr
ess
stat
emen
ts
and
appe
arin
g be
fore
Leg
Co
(see
ht
tp://
ww
w.le
gco.
gov.
hk).
Thes
e pr
actic
es e
nhan
ce
trans
pare
ncy
of G
over
nmen
t ope
ratio
n an
d en
able
s tim
ely
publ
ic re
porti
ng o
n pe
rform
ance
and
dec
isio
n m
akin
g.
d) A
ppro
pria
te tr
ansp
aren
t pro
cedu
res
for p
ublic
pro
cure
men
t tha
t pro
mot
e fa
ir co
mpe
titio
n an
d de
ter c
orru
pt
activ
ity,
and
adeq
uate
sim
plifi
ed a
dmin
istra
tion
proc
edur
es
Gov
ernm
ent p
rocu
rem
ent i
s su
bjec
t to
the
requ
irem
ents
of t
he W
orld
Tra
de O
rgan
izat
ion
(WTO
) Agr
eem
ent o
n G
over
nmen
t Pro
cure
men
t to
open
up
as m
uch
of it
s bu
sine
ss a
s po
ssib
le to
in
tern
atio
nal c
ompe
titio
n (s
ee
http
://w
ww
.wto
.org
/eng
lish/
trato
p_e/
gpro
c_e/
gp_g
pa_e
.htm
). G
over
nmen
t pro
cure
men
t is
carri
ed o
ut
thro
ugh
tend
ers
in a
ccor
danc
e w
ith th
e W
TO
Agre
emen
t, G
over
nmen
t Sto
res
and
Proc
urem
ent
Reg
ulat
ions
and
Fin
anci
al C
ircul
ars.
Rel
evan
t gu
idel
ines
are
ava
ilabl
e at
ht
tp://
ww
w.in
fo.g
ov.h
k/fs
tb/tb
/tend
er/e
nglis
h/e_
guid
e.ht
m. A
Rev
iew
Bod
y on
Bid
Cha
lleng
es is
in p
lace
fo
r agg
rieve
d bi
dder
s to
cha
lleng
e pr
ocur
emen
t de
cisi
ons
and
obta
in re
dres
s (s
ee
http
://w
ww
.info
.gov
.hk/
revi
ewbo
dy-g
pa/).
Sec
tion
8 of
the
Audi
t Ord
inan
ce (C
ap. 1
22) (
avai
labl
e at
ht
tp://
ww
w.ju
stic
e.go
v.hk
/Hom
e.ht
m) r
equi
res
the
Dire
ctor
of A
udit
to e
nsur
e th
at ru
les
and
proc
edur
es
on p
rope
r rec
eipt
, cus
tody
, iss
ue, s
ale,
tran
sfer
and
di
spos
al o
f, or
the
acco
untin
g fo
r, an
y st
amps
, se
curit
ies,
sto
res
and
othe
r Gov
ernm
ent p
rope
rty a
re
obse
rved
by
publ
ic o
ffice
rs.
FSTB
(Tre
asur
y Br
anch
)
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
e) E
nhan
cing
inst
itutio
ns fo
r pub
lic
scru
tiny
and
over
sigh
t Pu
blic
scr
utin
y an
d ov
ersi
ght o
f pub
lic a
dmin
istra
tion
are
enha
nced
thro
ugh
Gov
ernm
ent o
ffici
als’
regu
lar
atte
ndan
ce a
t Leg
Co
mee
tings
, rep
lies
to L
egC
o qu
estio
ns a
nd p
artic
ipat
ion
in m
otio
n de
bate
s (s
ee
http
://w
ww
.legc
o.go
v.hk
). In
add
ition
, the
G
over
nmen
t Pol
icy
Agen
da is
pub
lishe
d (s
ee
http
://w
ww
.pol
icya
ddre
ss.g
ov.h
k/pa
03/e
ng/a
gend
a.ht
m) a
nd m
ajor
pol
icie
s ar
e an
noun
ced
thro
ugh
pres
s co
nfer
ence
s an
d G
over
nmen
t web
site
s (a
t ht
tp://
ww
w.in
fo.g
ov.h
k) to
faci
litat
e pu
blic
mon
itorin
g.
In a
dditi
on, t
here
are
abo
ut 5
00 a
dvis
ory
and
stat
utor
y bo
ards
and
com
mitt
ees
in th
e H
KSAR
, m
any
of w
hich
com
pris
ing
non-
offic
ial m
embe
rs, t
o en
able
com
mun
ity p
artic
ipat
ion
in a
dvis
ing
and
mon
itorin
g G
over
nmen
t ope
ratio
n.
All b
urea
ux
f) Sy
stem
s fo
r inf
orm
atio
n av
aila
bilit
y in
clud
ing
on is
sues
suc
h as
appl
icat
ion
proc
essi
ng p
roce
dure
s,
fund
ing
of p
oliti
cal p
artie
s an
d
elec
tora
l cam
paig
ns a
nd e
xpen
ditu
re
Info
rmat
ion
rega
rdin
g va
rious
app
licat
ion
proc
essi
ng
proc
edur
es a
re a
vaila
ble
thro
ugh
the
Gov
ernm
ent
web
site
s (h
ttp://
ww
w.in
fo.g
ov.h
k) o
r dis
trict
offi
ces.
Elec
tions
(Cor
rupt
and
Ille
gal C
ondu
ct) O
rdin
ance
(C
ap. 5
54) e
nsur
es tr
ansp
aren
cy a
nd in
form
atio
n av
aila
bilit
y of
ele
ctor
al e
xpen
ditu
re. S
ectio
n 37
of
this
Ord
inan
ce re
quire
s al
l can
dida
tes
to lo
dge
with
th
e ap
prop
riate
aut
horit
y an
ele
ctio
n re
turn
set
ting
out t
he e
lect
ion
expe
nses
and
all
dona
tions
rece
ived
in
con
nect
ion
with
the
elec
tion.
A c
andi
date
will
com
mit
an o
ffenc
e un
der s
ectio
n 38
if h
e fa
ils to
lo
dge
an e
lect
ion
retu
rn. S
ectio
n 41
pro
vide
s th
at
any
pers
on m
ay a
sk to
insp
ect a
ny o
f the
ele
ctio
n re
turn
s du
ring
the
perio
d w
hich
beg
ins
with
the
time
All r
elev
ant b
urea
ux
Con
stitu
tiona
l Affa
irs B
urea
u
In J
uly
2003
, the
Leg
isla
tive
Cou
ncil
(Am
endm
ent)
Ord
inan
ce 2
003
was
ena
cted
. Sec
tion
38 o
f the
Am
endm
ent O
rdin
ance
pro
vide
s fin
anci
al
assi
stan
ce to
can
dida
tes
stan
ding
in L
egC
o el
ectio
ns. T
he o
bjec
tive
is to
enc
oura
ge m
ore
publ
ic-s
pirit
ed p
eopl
e to
par
ticip
ate
in e
lect
ions
, th
ereb
y fa
cilit
atin
g th
e de
velo
pmen
t of p
oliti
cal
parti
es in
the
HKS
AR. U
nder
the
sche
me,
a
cand
idat
e is
elig
ible
for f
inan
cial
ass
ista
nce
in
resp
ect o
f ele
ctio
n ex
pens
es in
curre
d if
he is
el
ecte
d or
if h
e re
ceiv
es a
t lea
st 5
% o
f val
id v
otes
ca
st in
the
cons
titue
ncy
conc
erne
d. A
s a
requ
irem
ent,
a ca
ndid
ate
has
to s
ubm
it an
aud
ited
elec
tion
retu
rn s
ettin
g ou
t his
ele
ctio
n ex
pens
es
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
whe
n th
e re
turn
is lo
dged
and
end
s w
ith th
e fir
st
anni
vers
ary
of th
e da
te o
n w
hich
the
rele
vant
el
ectio
n re
sult
is p
ublis
hed.
A c
opy
of th
e O
rdin
ance
is
ava
ilabl
e at
http
://w
ww
.just
ice.
gov.
hk/H
ome.
htm
.
Polit
ical
par
ties
in th
e H
KSAR
are
alre
ady
subj
ect t
o so
me
regu
lato
ry c
ontro
ls –
they
are
regi
ster
ed e
ither
un
der t
he S
ocie
ties
Ord
inan
ce (C
ap. 1
51) o
r the
C
ompa
nies
Ord
inan
ce (C
ap. 3
2) (a
vaila
ble
at
http
://w
ww
.just
ice.
gov.
hk/H
ome.
htm
). Th
ese
two
Ord
inan
ces
have
pro
visi
ons
whi
ch re
quire
som
e de
gree
of t
rans
pare
ncy
rega
rdin
g th
e fin
ance
s of
po
litic
al p
artie
s.
If re
gist
ered
und
er th
e So
ciet
ies
Ord
inan
ce, p
oliti
cal
parti
es a
re re
quire
d, b
y se
ctio
n 15
of s
uch
Ord
inan
ce, t
o su
bmit
acco
unts
of t
heir
finan
ces
to
the
Soci
etie
s O
ffice
r (i.e
. the
Com
mis
sion
er o
f Po
lice)
sho
uld
he a
sk fo
r the
m. T
hey
are
how
ever
no
t req
uire
d to
dis
clos
e th
eir f
inan
ces
to th
e pu
blic
.
If re
gist
ered
und
er th
e C
ompa
nies
Ord
inan
ce,
polit
ical
par
ties
are
requ
ired,
by
sect
ions
107
and
10
9 of
suc
h O
rdin
ance
, to
subm
it au
dite
d in
com
e an
d ex
pend
iture
acc
ount
s an
nual
ly. T
he a
ccou
nts
are
open
for i
nspe
ctio
n by
the
publ
ic u
pon
paym
ent
of a
fee.
whe
n cl
aim
ing
for f
inan
cial
ass
ista
nce.
The
sc
hem
e is
ope
n to
all
cand
idat
es, i
rresp
ectiv
e of
w
heth
er th
ey a
re in
depe
nden
ts o
r mem
bers
of
polit
ical
par
ties.
The
sch
eme
will
be im
plem
ente
d as
from
the
LegC
o el
ectio
ns in
200
4. A
cop
y of
the
Amen
dmen
t Ord
inan
ce is
ava
ilabl
e at
ht
tp://
ww
w.g
ld.g
ov.h
k/cg
i-bi
n/gl
d/eg
azet
te/g
azet
tefil
es.c
gi?l
ang=
e&ex
tra=&
yea
r=20
03&m
onth
=07&
day=
04&v
ol=0
7&no
=27&
gn=2
5&he
ader
=1&p
art=
1&df
=1&n
t=s1
&acu
rrent
page
=12&
agre
e=1&
new
file=
1&ga
z_ty
pe=l
s1.
g) S
impl
ifica
tion
of th
e re
gula
tory
en
viro
nmen
t by
abol
ishi
ng o
verla
ppin
g,
ambi
guou
s or
exc
essi
ve re
gula
tions
th
at b
urde
n bu
sine
ss
The
Gov
ernm
ent’s
gen
eral
pol
icy
is th
at d
epar
tmen
ts
are
enco
urag
ed to
cut
red
tape
, rem
ove
outd
ated
or
unne
cess
ary
regu
latio
ns, a
nd im
prov
e se
rvic
es to
th
e bu
sine
ss c
omm
unity
. Thi
s ha
s be
en s
pelt
out i
n th
e C
hief
Exe
cutiv
e’s
2003
Pol
icy
Addr
ess
(see
All r
elev
ant b
urea
ux
One
rece
nt e
xam
ple
in th
e fin
anci
al s
ecto
r is
that
le
gisl
ativ
e st
eps
have
bee
n ta
ken
to ra
tiona
lise
the
pros
pect
us re
gim
e to
faci
litat
e th
e of
fers
of s
hare
s an
d de
bent
ures
to fo
ster
the
deve
lopm
ent o
f ret
ail
bond
s an
d ot
her f
inan
cial
pro
duct
s, e
.g.
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
http
://w
ww
.pol
icya
ddre
ss.g
ov.h
k/pa
03/e
ng/a
gend
a2.
htm
#ong
oing
).
The
Hel
ping
Bus
ines
s Pr
ogra
mm
e w
as la
unch
ed
sinc
e 19
96 to
cre
ate
a m
ore
busi
ness
-frie
ndly
en
viro
nmen
t and
mai
ntai
n th
e H
KSAR
’s p
ositi
on a
s th
e be
st p
lace
in th
e w
orld
for b
usin
ess.
So
far,
som
e 10
0 pr
ojec
ts/s
tudi
es h
ave
been
com
plet
ed
unde
r the
Pro
gram
me
and
over
370
reco
mm
ende
d m
easu
res
have
bee
n im
plem
ente
d (m
ore
info
rmat
ion
avai
labl
e at
ht
tp://
ww
w.in
fo.g
ov.h
k/bs
pu/e
htm
l/bus
ines
s_pr
ogre
ss.
htm
).
stre
amlin
ing
the
proc
edur
es fo
r reg
istra
tion
and
issu
es o
f pro
spec
tuse
s an
d ex
empt
ions
from
pr
ospe
ctus
requ
irem
ents
und
er th
e C
ompa
nies
O
rdin
ance
for i
ssue
rs o
f deb
entu
res
(see
SFC
’s
pres
s re
leas
es d
ated
10
and
28 M
arch
200
3 at
ht
tp://
ww
w.h
ksfc
.org
.hk/
eng/
pres
s_re
leas
es/h
tml/i
nde
x/in
dex0
.htm
l).
Pill
ar I
I: S
tren
gthe
ning
Ant
i-br
iber
y A
ctio
ns a
nd P
rom
otin
g In
tegr
ity
in B
usin
ess
Ope
rati
ons
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
Effe
ctiv
e Pr
even
tion,
Inve
stig
atio
n an
d Pr
osec
utio
n: T
ake
effe
ctiv
e m
easu
res
to a
ctiv
ely
com
bat b
riber
y by
a) E
nsur
ing
the
exis
tenc
e of
legi
slat
ion
with
dis
suas
ive
sanc
tions
whi
ch
effe
ctiv
ely
and
activ
ely
com
bat t
he
offe
nce
of b
riber
y of
pub
lic o
ffici
als
The
POBO
ens
ures
effe
ctiv
e in
vest
igat
ion
and
sanc
tion
agai
nst b
riber
y of
pub
lic o
ffici
als
and
of
agen
ts in
the
priv
ate
sect
or (a
vaila
ble
at
http
://w
ww
.just
ice.
gov.
hk/H
ome.
htm
). M
ajor
pr
ovis
ions
of t
he O
rdin
ance
incl
ude
the
follo
win
g –
sect
ion
9 of
the
POBO
pro
vide
s th
at a
ny p
erso
n w
ho
ICAC
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
offe
rs a
n ad
vant
age
to a
ny a
gent
or t
hat a
ny a
gent
w
ho s
olic
its o
r acc
epts
any
adv
anta
ge, a
s an
in
duce
men
t to
or re
war
d fo
r or o
ther
wis
e on
acc
ount
of
the
agen
t’s a
ctin
g in
cer
tain
man
ner i
n re
latio
n to
hi
s pr
inci
pal’s
bus
ines
s, s
hall
be g
uilty
of a
n of
fenc
e
sect
ion
4 of
the
POBO
mak
es it
an
offe
nce
for a
ny
publ
ic s
erva
nt to
sol
icit
or a
ccep
t an
adva
ntag
e in
H
ong
Kong
or e
lsew
here
in re
latio
n to
his
offi
cial
bu
sine
ss. S
imila
rly, a
ny p
erso
n w
ho o
ffers
an
adva
ntag
e to
a p
ublic
ser
vant
will
be li
able
to
pros
ecut
ion
for a
n of
fenc
e co
mm
itted
with
in a
nd
outs
ide
Hon
g Ko
ng
sect
ions
3 a
nd 1
0 of
the
POBO
spe
cific
ally
targ
et a
t pu
blic
offi
cial
s. S
ectio
n 3
prov
ides
that
pub
lic o
ffici
als
who
, with
out t
he g
ener
al o
r spe
cial
per
mis
sion
of t
he
Chi
ef E
xecu
tive,
sol
icits
or a
ccep
ts a
ny a
dvan
tage
sh
all b
e gu
ilty
of a
n of
fenc
e. S
ectio
n 10
pro
vide
s th
at
if th
e st
anda
rd o
f liv
ing
mai
ntai
ned
or th
e pe
cuni
ary
reso
urce
s or
pro
perty
pos
sess
ed b
y a
publ
ic o
ffici
al
is d
ispr
opor
tiona
te to
his
pre
sent
or p
ast o
ffici
al
emol
umen
t, he
sha
ll be
gui
lty o
f an
offe
nce
Pena
lty o
f the
se o
ffenc
es o
n co
nvic
tion
on
indi
ctm
ent r
ange
s fro
m -
a fin
e of
$10
0,00
0 an
d im
pris
onm
ent f
or o
ne y
ear f
or
an o
ffenc
e un
der s
ectio
n 3
a fin
e of
$50
0,00
0 an
d im
pris
onm
ent f
or 7
yea
rs fo
r an
offe
nce
unde
r sec
tions
4 a
nd 9
a fin
e of
$1,
000,
000
and
impr
ison
men
t for
10
year
s fo
r an
offe
nce
unde
r sec
tion
10
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
For a
n of
fenc
e un
der s
ectio
ns 3
and
10,
the
cour
t m
ay, i
n ad
ditio
n to
the
abov
e pe
nalty
, ord
er th
e pa
ymen
t of a
sum
as
the
valu
e of
the
adva
ntag
e re
ceiv
ed b
y th
e pu
blic
offi
cial
or o
rder
the
conf
isca
tion
of a
ny p
ecun
iary
reso
urce
s or
pro
perty
re
spec
tivel
y.
b) E
nsur
ing
the
exis
tenc
e an
d ef
fect
ive
enfo
rcem
ent o
f ant
i-mon
ey la
unde
ring
legi
slat
ion
that
pro
vide
for s
ubst
antia
l cr
imin
al p
enal
ties
for t
he la
unde
ring
of
the
proc
eeds
of c
orru
ptio
n an
d cr
ime
cons
iste
nt w
ith th
e la
w o
f eac
h co
untry
The
Org
anis
ed a
nd S
erio
us C
rimes
Ord
inan
ce (C
ap.
455)
(ava
ilabl
e at
ht
tp://
ww
w.ju
stic
e.go
v.hk
/Hom
e.ht
m) p
rovi
des
for t
he
conf
isca
tion
of p
roce
eds
of c
rime
and
crea
tes
offe
nces
rela
ting
to th
is. L
aund
erin
g of
cor
rupt
ion
proc
eeds
is a
n of
fenc
e un
der s
ectio
n 25
of t
his
Ord
inan
ce. S
ectio
n 25
pro
vide
s th
at a
per
son
com
mits
an
offe
nce
if, k
now
ing
or h
avin
g re
ason
able
gr
ound
s to
bel
ieve
that
any
pro
perty
in w
hole
or i
n pa
rt di
rect
ly o
r ind
irect
ly re
pres
ents
any
per
son'
s pr
ocee
ds o
f an
indi
ctab
le o
ffenc
e, h
e de
als
with
that
pr
oper
ty. P
enal
ty o
f thi
s of
fenc
e on
con
vict
ion
on
indi
ctm
ent i
s a
fine
of $
5,00
0,00
0 an
d im
pris
onm
ent
for 1
4 ye
ars.
Sinc
e 19
90, H
KSAR
has
bee
n a
mem
ber o
f the
Fi
nanc
ial A
ctio
n Ta
sk F
orce
on
Mon
ey L
aund
erin
g (F
ATF)
, a p
re-e
min
ent i
nter
-gov
ernm
enta
l bod
y es
tabl
ishe
d in
198
9 to
exa
min
e an
d re
com
men
d m
easu
res
to c
ount
er m
oney
laun
derin
g. F
ATF
has
draw
n up
For
ty R
ecom
men
datio
ns w
hich
set
out
the
basi
c fra
mew
ork
for a
nti-m
oney
laun
derin
g ef
forts
an
d ar
e de
sign
ed to
be
of u
nive
rsal
app
licat
ion.
The
y pr
ovid
e a
com
plet
e se
t of c
ount
er-m
easu
res
agai
nst
mon
ey la
unde
ring
cove
ring
the
crim
inal
just
ice
Secu
rity
Bure
au
(SB)
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
syst
em a
nd la
w e
nfor
cem
ent,
the
finan
cial
sys
tem
an
d its
regu
latio
n, a
nd in
tern
atio
nal c
o-op
erat
ion.
Se
e ht
tp://
ww
w.n
d.go
v.hk
/hon
gkon
g.ht
m a
nd
http
://w
ww
.fatf-
gafi.
org/
for d
etai
ls.
c) E
nsur
ing
the
exis
tenc
e an
d en
forc
emen
t of r
ules
to e
nsur
e th
at
brib
ery
offe
nces
are
thor
ough
ly
inve
stig
ated
and
pro
secu
ted
by
com
pete
nt a
utho
ritie
s;
thes
e au
thor
ities
sho
uld
be e
mpo
wer
ed
to o
rder
that
ban
k, fi
nanc
ial o
r co
mm
erci
al re
cord
s be
mad
e av
aila
ble
or b
e se
ized
and
that
ban
k se
crec
y be
lif
ted
The
prov
isio
ns o
f the
PO
BO a
nd th
e IC
ACO
(a
vaila
ble
at h
ttp://
ww
w.ju
stic
e.go
v.hk
/Hom
e.ht
m)
enab
le e
ffect
ive
inve
stig
atio
n by
the
ICAC
. Maj
or
prov
isio
ns o
f spe
cial
inve
stig
ativ
e po
wer
s un
der t
he
POBO
are
as
follo
ws
–
sect
ion
13 p
rovi
des
that
spe
cial
pow
ers
to
inve
stig
ate
bank
acc
ount
s, b
ooks
, doc
umen
ts, e
tc.
are
conf
erre
d on
the
enfo
rcem
ent a
utho
rity
if it
is
belie
ved
that
an
offe
nce
unde
r the
PO
BO h
as b
een
com
mitt
ed a
nd a
ny a
ccou
nts,
boo
ks a
nd d
ocum
ents
ar
e re
leva
nt fo
r the
pur
pose
s of
inve
stig
atio
n of
suc
h an
offe
nce
sect
ions
14
to 1
7A e
nabl
e th
e IC
AC to
app
ly to
the
cour
t for
an
orde
r to
obta
in fu
rther
info
rmat
ion,
re
stra
in p
rope
rty, e
nter
and
sea
rch
prem
ises
, or f
or a
no
tice
for t
he s
urre
nder
of t
rave
l doc
umen
ts
poss
esse
d by
a s
uspe
ct, e
tc.
Und
er th
e IC
ACO
, aut
horiz
ed o
ffice
rs o
f the
ICAC
ar
e em
pow
ered
to a
rrest
with
out w
arra
nt, d
etai
n (u
p to
48
hour
s), g
rant
bai
l to
and
sear
ch p
erso
ns
susp
ecte
d of
com
mitt
ing
a br
iber
y of
fenc
e. T
hey
may
al
so s
earc
h th
e pr
emis
es in
whi
ch a
ny p
erso
n w
as
arre
sted
and
sei
ze a
nd d
etai
n an
ythi
ng w
hich
is
belie
ved
to c
onta
in e
vide
nce
of th
e su
spec
ted
offe
nce.
ICAC
DoJ
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
Rep
orts
of c
rimin
al in
vest
igat
ion
are
forw
arde
d to
D
oJ fo
r con
side
ratio
n of
pro
secu
tion
actio
ns. A
rticl
e 63
of t
he B
asic
Law
of t
he H
KSAR
ens
ures
pr
osec
utor
ial i
ndep
ende
nce
of D
oJ. A
cop
y of
the
Basi
c La
w is
ava
ilabl
e at
ht
tp://
ww
w.in
fo.g
ov.h
k/ba
sic_
law
/flas
h.ht
ml).
d) S
treng
then
ing
of in
vest
igat
ive
and
pros
ecut
oria
l cap
aciti
es
by fo
ster
ing
inte
r-age
ncy
co-o
pera
tion,
by e
nsur
ing
that
inve
stig
atio
n an
d pr
osec
utio
n ar
e fre
e fro
m im
prop
er
influ
ence
and
hav
e ef
fect
ive
mea
ns fo
r ga
ther
ing
evid
ence
,
by p
rote
ctin
g th
ose
pers
ons
help
ing
the
auth
oriti
es in
com
batin
g co
rrupt
ion,
an
d
by p
rovi
ding
app
ropr
iate
trai
ning
and
fin
anci
al re
sour
ces
The
inde
pend
ence
of t
he IC
AC a
nd th
e pr
osec
utor
ial
auth
ority
, i.e
. DoJ
, is
ensh
rined
in A
rticl
es 5
7 an
d 63
of
the
Basi
c La
w re
spec
tivel
y (a
vaila
ble
at
http
://w
ww
.info
.gov
.hk/
basi
c_la
w/fl
ash.
htm
l). A
rticl
e 57
pro
vide
s th
at a
Com
mis
sion
Aga
inst
Cor
rupt
ion
shal
l be
esta
blis
hed
in th
e H
KSAR
; it s
hall
func
tion
inde
pend
ently
and
be
acco
unta
ble
to th
e C
hief
Ex
ecut
ive.
Arti
cle
63 p
rovi
des
that
DoJ
of t
he
HKS
AR s
hall
cont
rol c
rimin
al p
rose
cutio
ns, f
ree
from
an
y in
terfe
renc
e.
In a
dditi
on, s
ectio
n 5
of th
e IC
ACO
pro
vide
s th
at
Com
mis
sion
er o
f the
ICAC
sha
ll no
t be
subj
ect t
o th
e di
rect
ion
or c
ontro
l of a
ny p
erso
n ot
her t
han
the
Chi
ef E
xecu
tive.
The
PO
BO a
nd th
e IC
ACO
con
fer
adeq
uate
pow
ers
on th
e IC
AC to
ens
ure
its e
ffect
ive
oper
atio
n.
The
ICAC
is a
mem
ber o
f the
Inte
rpol
Gro
up o
f Ex
perts
on
Cor
rupt
ion.
The
ICAC
pub
lishe
s a
quar
terly
Inte
rnat
iona
l Ant
i-cor
rupt
ion
New
slet
ter
com
pris
ing
cont
ribut
ions
from
all
Gov
ernm
ent
agen
cies
wor
ldw
ide
on th
eir s
trate
gies
and
ex
perie
nces
in ta
cklin
g co
rrupt
ion.
The
Com
mis
sion
er, I
CAC
is th
e co
ntro
lling
offic
er o
f
ICAC
DoJ
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
the
finan
ces
of th
e IC
AC. S
uffic
ient
reso
urce
s ar
e pr
ovid
ed, t
hrou
gh th
e Es
timat
es o
f Exp
endi
ture
, to
the
ICAC
to e
nsur
e its
effe
ctiv
e op
erat
ion
and
appr
opria
te tr
aini
ng to
ICAC
offi
cers
. App
licat
ions
m
ay b
e m
ade
to th
e Fi
nanc
e C
omm
ittee
of L
egC
o fo
r add
ition
al re
sour
ces
to m
eet t
he IC
AC’s
op
erat
iona
l req
uire
men
ts.
Sect
ions
30
and
30A
of th
e PO
BO e
nsur
e co
nfid
entia
lity
of in
vest
igat
ion.
Oth
er re
leva
nt
mea
sure
s to
pro
tect
info
rman
ts a
nd th
ose
assi
sted
in
an in
vest
igat
ion
are
set o
ut in
the
Witn
ess
Prot
ectio
n O
rdin
ance
. See
pag
es 7
to 9
abo
ve.
e) S
treng
then
ing
bi- a
nd m
ultil
ater
al
co-o
pera
tion
in in
vest
igat
ions
and
oth
er
lega
l pro
ceed
ings
by
deve
lopi
ng
syst
ems
whi
ch –
in a
ccor
danc
e w
ith
dom
estic
legi
slat
ion
– en
hanc
e
(i) e
ffect
ive
exch
ange
of i
nfor
mat
ion
and
evid
ence
,
(ii) e
xtra
ditio
n w
here
exp
edie
nt, a
nd
(iii)
co-o
pera
tion
in s
earc
hing
and
di
scov
erin
g of
forfe
itabl
e as
sets
as
wel
l as
pro
mpt
inte
rnat
iona
l sei
zure
and
re
patri
atio
n of
thes
e fo
rfeita
ble
asse
ts
The
HKS
AR is
com
mitt
ed to
pla
ying
a fu
ll pa
rt in
in
tern
atio
nal c
oope
ratio
n in
law
enf
orce
men
t and
em
bark
s on
its
own
prog
ram
me
to e
stab
lish
a ne
twor
k of
bila
tera
l agr
eem
ents
on
mut
ual l
egal
as
sist
ance
in c
rimin
al m
atte
rs (M
LA) a
nd s
urre
nder
of
fugi
tive
offe
nder
s (S
FO).
Dom
estic
legi
slat
ion
(Mut
ual L
egal
Ass
ista
nce
in C
rimin
al M
atte
rs
Ord
inan
ce, C
ap. 5
25 a
nd F
ugiti
ve O
ffend
ers
Ord
inan
ce, C
ap. 5
03) h
as b
een
in p
lace
to
impl
emen
t the
se a
gree
men
ts. T
he H
KSAR
is a
ble
to
parti
cipa
te in
inte
rnat
iona
l coo
pera
tion
in th
e ar
ea o
f ex
chan
ge o
f inf
orm
atio
n, e
xtra
ditio
n an
d se
arch
ing,
di
scov
ery,
sei
zure
and
repa
triat
ion
of fo
rfeita
ble
asse
ts w
ithin
this
lega
l fra
mew
ork.
So
far,
the
HKS
AR h
as s
igne
d 15
MLA
Agr
eem
ents
and
13
SFO
Agr
eem
ents
. The
HKS
AR is
now
neg
otia
ting
with
som
e 20
juris
dict
ions
on
MLA
and
SFO
ag
reem
ents
. A c
opy
of th
e O
rdin
ance
s an
d th
e
SB
DoJ
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
sign
ed b
ilate
ral a
gree
men
ts w
hich
hav
e be
en
ente
red
into
forc
e ar
e av
aila
ble
at
http
://w
ww
.just
ice.
gov.
hk/H
ome.
htm
.
All t
he M
LA a
gree
men
ts e
nter
ed in
to b
y th
e H
KSAR
co
ntai
n pr
ovis
ions
on
co-o
pera
tion
rega
rdin
g fo
rfeitu
re a
nd c
onfis
catio
n of
pro
ceed
s of
crim
e lo
cate
d in
the
partn
er ju
risdi
ctio
n.
Con
fisca
ted
proc
eeds
are
kep
t by
the
juris
dict
ion
whe
re th
e pr
ocee
ds w
ere
loca
ted.
Whe
re
inte
rnat
iona
l ass
ista
nce
is e
nlis
ted
for t
he
conf
isca
tion
of p
roce
eds
of c
rime,
any
sha
ring
with
or
repa
triat
ion
of p
roce
eds
to th
e re
ques
ting
juris
dict
ion
will
be s
ubje
ct to
agr
eem
ent b
etw
een
the
Gov
ernm
ents
and
pre
vailin
g po
licie
s.
Assi
stan
ce in
rela
tion
to in
vest
igat
ion
or p
rose
cutio
n of
offe
nce
may
als
o be
pro
vide
d un
der t
he M
LA
legi
slat
ion
unde
r pre
scrib
ed c
ircum
stan
ces
in th
e ab
senc
e of
an
agre
emen
t.
Cor
pora
te R
espo
nsib
ility
and
Acco
unta
bilit
y : T
ake
effe
ctiv
e m
easu
res
to p
rom
ote
corp
orat
ion
resp
onsi
bilit
y an
d ac
coun
tabi
lity
on th
e ba
sis
of e
xist
ing
rele
vant
inte
rnat
iona
l sta
ndar
ds
thro
ugh
a) P
rom
otio
n of
goo
d co
rpor
ate
gove
rnan
ce w
hich
wou
ld p
rovi
de fo
r ad
equa
te in
tern
al c
ompa
ny c
ontro
ls
such
as
code
s of
con
duct
,
the
esta
blis
hmen
t of c
hann
els
for
com
mun
icat
ion,
Und
er s
ectio
n 12
of t
he IC
ACO
, it i
s th
e du
ties
of th
e C
omm
issi
oner
, IC
AC to
exa
min
e th
e pr
actic
es a
nd
proc
edur
es o
f Gov
ernm
ent d
epar
tmen
ts a
nd p
ublic
bo
dies
to fa
cilit
ate
the
disc
over
y of
cor
rupt
pra
ctic
es
and
to a
dvis
e he
ads
of th
ese
bodi
es c
hang
es in
pr
actic
es o
r pro
cedu
res
to re
duce
the
likel
ihoo
d of
th
e oc
curre
nce
of c
orru
pt p
ract
ices
. The
Cor
rupt
ion
Prev
entio
n D
epar
tmen
t of t
he IC
AC p
rovi
des
advi
ce
ICAC
Labo
ur D
epar
tmen
t
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
the
prot
ectio
n of
em
ploy
ees
repo
rting
co
rrupt
ion,
and
staf
f tra
inin
g
to p
ublic
bod
ies
and
priv
ate
com
pani
es to
ass
ist
them
in p
rom
otin
g co
rpor
ate
gove
rnan
ce a
nd
inte
rnal
con
trols
that
saf
egua
rd a
gain
st c
orru
ptio
n an
d m
alpr
actic
e. A
who
le ra
nge
of B
est P
ract
ices
Pa
ckag
es h
ave
been
dev
elop
ed b
y th
e IC
AC to
pr
ovid
e pr
ivat
e se
ctor
com
pani
es a
nd p
ublic
co
rpor
atio
ns w
ith u
ser-f
riend
ly g
uide
lines
on
plug
ging
cor
rupt
ion
loop
hole
s as
men
tione
d in
pag
e 5
abov
e.
The
Com
mun
ity R
elat
ions
Dep
artm
ent o
f the
ICAC
ha
s se
t up,
und
er it
s au
spic
es, a
Hon
g Ko
ng E
thic
s D
evel
opm
ent C
entre
whi
ch is
task
ed to
pro
mot
e bu
sine
ss a
nd re
late
d et
hics
on
a lo
ng-te
rm b
asis
. Fo
r exa
mpl
e, th
e C
entre
org
anis
es s
mal
l gro
up
wor
ksho
ps a
nd s
emin
ars
from
tim
e to
tim
e to
ad
dres
s et
hica
l iss
ues
of s
peci
al tr
ades
. The
Cen
tre
also
offe
rs fr
ee c
onsu
ltanc
y se
rvic
es o
n et
hica
l m
anag
emen
t. Se
e ht
tp://
ww
w.ic
ac.o
rg.h
k/hk
edc/
eng/
mai
n2.a
sp.
Prot
ectio
n of
em
ploy
ees
repo
rting
cor
rupt
ion
can
be
give
n pu
rsua
nt to
the
Witn
ess
Prot
ectio
n O
rdin
ance
. Em
ploy
ees
are
allo
wed
to s
eek
rem
edia
l act
ion
if th
ey a
re u
nrea
sona
bly
dism
isse
d in
acc
orda
nce
with
se
ctio
n 32
A of
the
Empl
oym
ent O
rdin
ance
(Cap
. 57)
.
The
Empl
oym
ent O
rdin
ance
gen
eral
ly a
llow
s, a
mon
g ot
her t
hing
s, e
mpl
oyee
s to
cla
im fo
r rem
edie
s ag
ains
t an
empl
oyer
for u
nrea
sona
ble
dism
issa
l if
the
empl
oyee
has
bee
n em
ploy
ed u
nder
a
cont
inuo
us c
ontra
ct fo
r a p
erio
d of
not
less
than
24
mon
ths
and
he is
dis
mis
sed
by th
e em
ploy
er o
ther
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
than
for a
val
id re
ason
rela
ted
to –
cond
uct o
f the
em
ploy
ee;
capa
bilit
y or
qua
lific
atio
ns o
f the
em
ploy
ee fo
r pe
rform
ing
his
wor
k;
redu
ndan
cy o
r oth
er g
enui
ne o
pera
tiona
l re
quire
men
ts o
f the
bus
ines
s;
stat
utor
y re
quire
men
ts -
in s
ome
circ
umst
ance
s, it
w
ould
be
cont
rary
to th
e la
w to
allo
w a
n em
ploy
ee to
co
ntin
ue to
wor
k in
his
orig
inal
pos
ition
or t
o co
ntin
ue
with
the
orig
inal
term
s in
his
em
ploy
men
t con
tract
; or
othe
r sub
stan
tial r
easo
ns -
apar
t fro
m th
e ab
ove
reas
ons,
an
empl
oyer
may
hav
e so
me
othe
r su
bsta
ntia
l rea
sons
whi
ch ju
stify
a d
ism
issa
l.
The
Labo
ur T
ribun
al, i
n co
nsid
erin
g an
unr
easo
nabl
e di
smis
sal c
laim
, may
ord
er –
rein
stat
emen
t or r
e-en
gage
men
t (su
bjec
t to
the
mut
ual c
onse
nt o
f bot
h th
e em
ploy
er a
nd e
mpl
oyee
); or
an a
war
d of
term
inal
pay
men
ts a
gain
st th
e em
ploy
er.
A co
py o
f the
abo
ve O
rdin
ance
s is
ava
ilabl
e at
ht
tp://
ww
w.ju
stic
e.go
v.hk
/Hom
e.ht
m.
b) T
he e
xist
ence
and
the
effe
ctiv
e en
forc
emen
t of l
egis
latio
n to
elim
inat
e an
y in
dire
ct s
uppo
rt of
brib
ery
such
as
tax
dedu
ctib
ility
of b
ribes
Brib
es in
the
guis
e of
com
mis
sion
s or
fees
mad
e to
pu
blic
offi
cers
or a
ny p
erso
n ar
e no
t allo
wab
le
dedu
ctio
ns fo
r Pro
fits
Tax
purp
oses
und
er th
e In
land
R
even
ue O
rdin
ance
(Cap
. 112
). A
copy
of t
he
Ord
inan
ce is
ava
ilabl
e at
ICAC
FSTB
(Tre
asur
y Br
anch
)
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
http
://w
ww
.just
ice.
gov.
hk/H
ome.
htm
.
c) T
he e
xist
ence
and
thor
ough
im
plem
enta
tion
of le
gisl
atio
n
requ
iring
tran
spar
ent c
ompa
ny
acco
unts
and
prov
idin
g fo
r effe
ctiv
e, p
ropo
rtion
ate
and
diss
uasi
ve p
enal
ties
for o
mis
sion
s an
d fa
lsifi
catio
ns fo
r the
pur
pose
of
brib
ing
a pu
blic
offi
cial
, or h
idin
g su
ch
brib
ery,
in re
spec
t of t
he b
ooks
, re
cord
s, a
ccou
nts
and
finan
cial
st
atem
ents
of c
ompa
nies
The
HKS
AR’s
acc
ount
ing
stan
dard
s fo
llow
clo
sely
th
e In
tern
atio
nal A
ccou
ntin
g St
anda
rds.
Reg
ulat
ions
go
vern
ing
finan
cial
dis
clos
ures
by
bank
s ar
e st
ipul
ated
in th
e Su
perv
isor
y Po
licy
Man
ual o
f the
H
ong
Kong
Mon
etar
y Au
thor
ity a
nd a
re d
raw
n up
in
cons
ulta
tion
with
the
bank
ing
indu
stry
and
the
Hon
g Ko
ng S
ocie
ty o
f Acc
ount
ants
. Dis
clos
ure
stan
dard
s th
erei
n ar
e in
line
with
inte
rnat
iona
l bes
t pra
ctic
es.
The
Supe
rvis
ory
Polic
y M
anua
l can
be
foun
d at
ht
tp://
ww
w.in
fo.g
ov.h
k/hk
ma/
. Rel
evan
t Sup
ervi
sory
Po
licy
Man
ual m
odul
es in
clud
e –
FD-1
: Fin
anci
al d
iscl
osur
e by
loca
lly in
corp
orat
ed
auth
oriz
ed in
stitu
tions
(ava
ilabl
e at
ht
tp://
ww
w.in
fo.g
ov.h
k/hk
ma/
eng/
bank
/spm
a/at
tach
/FD
-1.p
df)
FD-2
: Int
erim
fina
ncia
l dis
clos
ure
by lo
cally
in
corp
orat
ed a
utho
rized
inst
itutio
ns (a
vaila
ble
at
http
://w
ww
.info
.gov
.hk/
hkm
a/en
g/ba
nk/s
pma/
atta
ch/
FD-2
)
FD-3
: Fin
anci
al d
iscl
osur
e by
ove
rsea
s in
corp
orat
ed
auth
oriz
ed in
stitu
tions
(ava
ilabl
e at
ht
tp://
ww
w.in
fo.g
ov.h
k/hk
ma/
eng/
bank
/spm
a/at
tach
/FD
-3.p
df)
The
acco
untin
g st
anda
rds
prom
ulga
ted
by th
e H
ong
Kong
Soc
iety
of A
ccou
ntan
ts c
an b
e ac
cess
ed a
t w
ww
.hks
a.or
g.hk
/pro
fess
iona
ltech
nica
l/acc
ount
ing/
stan
dard
s/in
dex.
php.
ICAC
FSTB
(Fin
anci
al S
ervi
ces
Bran
ch)
The
Stan
ding
Com
mitt
ee o
n C
ompa
ny L
aw
Ref
orm
(SC
CLR
) pro
pose
d se
vera
l mea
sure
s to
im
prov
e co
rpor
ate
gove
rnan
ce in
its
cons
ulta
tion
pape
rs is
sued
in J
uly
2001
and
Jun
e 20
03.
Amon
gst o
ther
s, it
pro
pose
d to
set
up
a bo
dy w
ith
auth
ority
to in
vest
igat
e fin
anci
al s
tate
men
ts a
nd
enfo
rce
nece
ssar
y ch
ange
s to
com
pani
es’ f
inan
cial
st
atem
ent (
see
the
SCC
LR c
onsu
ltatio
n pa
per a
t ht
tp://
ww
w.in
fo.g
ov.h
k/cr
/scc
lr/in
dex.
htm
).
The
Hon
g Ko
ng E
xcha
nges
and
Cle
arin
g Li
mite
d (H
KEx)
’s p
ropo
sed
amen
dmen
ts to
the
Exch
ange
Li
stin
g R
ules
rela
ting
to c
orpo
rate
gov
erna
nce
are
set o
ut in
its
Con
sulta
tion
Pape
r on
Prop
osed
Am
endm
ents
to th
e Li
stin
g R
ules
Rel
atin
g to
C
orpo
rate
Gov
erna
nce
Issu
es a
nd th
e C
onsu
ltatio
n C
oncl
usio
ns o
n Pr
opos
ed
Amen
dmen
ts to
the
List
ing
Rul
es R
elat
ing
to
Cor
pora
te G
over
nanc
e Is
sues
. The
con
sulta
tion
is
com
plet
ed a
nd H
KEx
has
publ
ishe
d its
co
nsul
tatio
n co
nclu
sion
s in
Jan
uary
200
3. S
ee
HKE
x’s
new
s re
leas
es d
ated
21
Janu
ary
2002
and
17
Jan
uary
200
3 re
spec
tivel
y un
der t
he H
KEx
New
s R
elea
ses
Sect
ion
at
http
://w
ww
.hke
x.co
m.h
k/.
The
Gov
ernm
ent’s
late
st p
ropo
sals
to im
prov
e co
rpor
ate
gove
rnan
ce a
nd u
pgra
de th
e qu
ality
of
the
equi
ty m
arke
t, an
d in
par
ticul
ar th
e lis
ted
com
pani
es a
re s
et o
ut in
its
Cor
pora
te G
over
nanc
e
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
Reg
ulat
ions
gov
erni
ng b
anki
ng a
nd th
e se
curit
ies
sect
ors
are
all u
p to
inte
rnat
iona
l sta
ndar
d. T
he
regu
lato
ry re
quire
men
ts s
tipul
ated
in th
e Ba
nkin
g O
rdin
ance
(Cap
. 155
) and
the
Secu
ritie
s an
d Fu
ture
s O
rdin
ance
(Cap
. 571
) ove
r the
con
duct
of
bank
ing
busi
ness
and
sec
uriti
es b
usin
ess
resp
ectiv
ely
in th
e H
KSAR
clo
sely
follo
w th
e re
leva
nt
inte
rnat
iona
l prin
cipl
es a
nd s
tand
ards
.
Also
, om
issi
on o
r fal
sific
atio
n of
acc
ount
s or
reco
rds
is a
n of
fenc
e un
der s
ectio
n 19
of t
he T
heft
Ord
inan
ce (C
ap. 2
10).
A pe
rson
foun
d gu
ilty
of th
is
offe
nce
shal
l be
liabl
e on
con
vict
ion
upon
indi
ctm
ent
to im
pris
onm
ent f
or 1
0 ye
ars.
A co
py o
f the
Ord
inan
ces
is a
vaila
ble
at
http
://w
ww
.just
ice.
gov.
hk/H
ome.
htm
.
Actio
n Pl
an 2
003
(see
FST
B’s
brie
fing
to th
e Le
gCo
Pane
l on
Fina
ncia
l Affa
irs o
n 13
Jan
uary
20
03 a
t http
://w
ww
.legc
o.go
v.hk
/yr0
2-03
/eng
lish/
pane
ls/fa
/min
utes
/fa03
0113
und
er
Polic
y Br
iefin
g fo
r Yea
r 200
2-20
03).
d) R
evie
w o
f law
s an
d re
gula
tions
go
vern
ing
publ
ic li
cens
es,
gove
rnm
ent p
rocu
rem
ent c
ontra
cts
or
othe
r pub
lic u
nder
taki
ngs,
so
that
ac
cess
to p
ublic
sec
tor c
ontra
cts
coul
d be
den
ied
as a
san
ctio
n fo
r brib
ery
of
publ
ic o
ffici
als
Gov
ernm
ent d
epar
tmen
ts a
re re
min
ded
thro
ugh
gene
ral r
egul
atio
ns a
nd c
ircul
ar to
iden
tify
and
revi
ew w
ork
area
s w
hich
are
vul
nera
ble
to c
orru
ptio
n an
d to
see
k th
e ad
vice
of t
he C
orru
ptio
n Pr
even
tion
Dep
artm
ent o
f the
ICAC
on
mea
sure
s to
dam
pen
corru
ptio
n op
portu
nitie
s. A
s fa
r as
Gov
ernm
ent
proc
urem
ent i
s co
ncer
ned,
ther
e ar
e pr
oced
ures
un
der w
hich
a c
ontra
ctor
may
be
susp
ende
d fro
m
bidd
ing
for f
utur
e co
ntra
cts
shou
ld h
e be
con
vict
ed o
f an
offe
nce
unde
r the
PO
BO.
FSTB
(Tre
asur
y Br
anch
)
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Pill
ar I
II:
Supp
orti
ng A
ctiv
e P
ublic
Inv
olve
men
t
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
Publ
ic D
iscu
ssio
n of
Cor
rupt
ion:
Tak
e ef
fect
ive
mea
sure
s to
enc
oura
ge p
ublic
dis
cuss
ion
of th
e is
sue
of c
orru
ptio
n th
roug
h
a) In
itiat
ion
of p
ublic
aw
aren
ess
cam
paig
ns a
t diff
eren
t lev
els
Educ
atin
g th
e pu
blic
aga
inst
the
evils
of c
orru
ptio
n an
d en
listin
g su
ppor
t in
the
fight
aga
inst
cor
rupt
ion
are
the
stat
utor
y du
ties
of th
e IC
AC, s
ee s
ectio
n 12
of
the
ICAC
O. T
he C
omm
unity
Rel
atio
ns
Dep
artm
ent o
f the
ICAC
has
con
duct
ed p
ublic
aw
aren
ess
cam
paig
ns to
hei
ghte
n th
e pu
blic
’s
vigi
lanc
e ag
ains
t cor
rupt
ion
sinc
e its
est
ablis
hmen
t. Ac
cord
ing
to th
e fin
ding
s of
the
ICAC
’s a
nnua
l su
rvey
, a c
onsi
sten
t 99%
of t
he re
spon
dent
s co
nsid
ered
the
ICAC
des
ervi
ng th
eir s
uppo
rt. S
ee
http
://w
ww
.icac
.org
.hk/
icac
/Exe
cutiv
eSum
mar
y/en
g_s
umm
ary.
ICAC
b) S
uppo
rt of
non
-gov
ernm
enta
l or
gani
satio
ns th
at p
rom
ote
inte
grity
an
d co
mba
t cor
rupt
ion
by, f
or
exam
ple,
rais
ing
awar
enes
s of
co
rrupt
ion
and
its c
osts
, mob
ilisin
g ci
tizen
sup
port
for c
lean
gov
ernm
ent,
and
docu
men
ting
and
repo
rting
cas
es
of c
orru
ptio
n
Apar
t fro
m th
e ed
ucat
iona
l and
enl
istin
g ef
forts
m
entio
ned
abov
e, th
e IC
AC a
lso
atte
nds
conf
eren
ces
and
has
prep
ared
pre
sent
atio
ns o
n co
oper
atio
n w
ith n
on-g
over
nmen
tal o
rgan
izat
ions
(N
GO
s). S
ee
http
://w
ww
.icac
.org
.hk/
eng/
prev
/inde
x.ht
ml.
ICAC
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
c) P
repa
ratio
n an
d/or
impl
emen
tatio
n of
edu
catio
n pr
ogra
ms
aim
ed a
t cr
eatin
g an
ant
i-cor
rupt
ion
cultu
re
Prep
arat
ion
of p
ublic
edu
catio
nal p
rogr
amm
es b
y th
e IC
AC w
ith a
vie
w to
inst
illing
an
anti-
corru
ptio
n cu
lture
in th
e G
over
nmen
t is
on-g
oing
.
See
http
://w
ww
.icac
.org
.hk/
eng/
prev
/inde
x.ht
ml.
ICAC
Acce
ss to
info
rmat
ion:
Ens
ure
that
gen
eral
pub
lic a
nd th
e m
edia
hav
e fre
edom
to re
ceiv
e an
d im
part
publ
ic in
form
atio
n an
d in
par
ticul
ar in
form
atio
n on
cor
rupt
ion
mat
ters
in
acco
rdan
ce w
ith d
omes
tic la
w a
nd in
a m
anne
r tha
t wou
ld n
ot c
ompr
omis
e th
e op
erat
iona
l effe
ctiv
enes
s of
the
adm
inis
tratio
n or
, in
any
othe
r way
, be
detri
men
tal t
o th
e in
tere
st o
f go
vern
men
tal a
genc
ies
and
indi
vidu
als,
thro
ugh
a) E
stab
lishm
ent o
f pub
lic re
porti
ng
requ
irem
ents
for j
ustic
e an
d ot
her
gove
rnm
enta
l age
ncie
s th
at in
clud
e di
sclo
sure
abo
ut e
fforts
to p
rom
ote
inte
grity
and
acc
ount
abilit
y an
d co
mba
t cor
rupt
ion
Publ
icity
mea
sure
s by
the
ICAC
to p
rom
ote
inte
grity
am
ong
civi
l ser
vant
s ar
e in
pla
ce. T
he
ICAC
als
o is
sues
pre
ss re
leas
es o
n co
rrupt
ion
pros
ecut
ion
case
s, c
orru
ptio
n co
mpl
aint
s st
atis
tics
and
give
s an
acc
ount
on
its a
nti-c
orru
ptio
n ef
forts
in
its
annu
al re
port.
Cor
rupt
ion
case
s ar
e fre
quen
tly
give
n pr
omin
ent c
over
age
by th
e lo
cal p
ress
. See
ht
tp://
ww
w.ic
ac.o
rg.h
k.
ICAC
DoJ
b) Im
plem
enta
tion
of m
easu
res
prov
idin
g fo
r a m
eani
ngfu
l pub
lic ri
ght
of a
cces
s to
app
ropr
iate
info
rmat
ion
The
Gov
ernm
ent h
as in
pla
ce a
Cod
e on
Acc
ess
to
Info
rmat
ion
whi
ch is
und
erpi
nned
by
an
inde
pend
ent c
ompl
aint
s m
echa
nism
- Th
e O
mbu
dsm
an. T
he C
ode
defin
es th
e sc
ope
of
info
rmat
ion
that
will
be p
rovi
ded
and
requ
ires
civi
l se
rvan
ts, r
outin
ely
or o
n re
ques
t, to
pro
vide
in
form
atio
n un
less
ther
e ar
e sp
ecifi
c re
ason
s fo
r no
t doi
ng s
o. U
nder
The
Om
buds
man
Ord
inan
ce
(Cap
. 397
) (av
aila
ble
at
http
://w
ww
.just
ice.
gov.
hk/H
ome.
htm
), Th
e O
mbu
dsm
an h
as ju
risdi
ctio
n to
inve
stig
ate
com
plai
nts
agai
nst n
on-c
ompl
ianc
e w
ith th
e C
ode
Hom
e Af
fairs
Bur
eau
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
by a
ll G
over
nmen
t dep
artm
ents
. A c
opy
of th
e C
ode
and
rela
ted
docu
men
ts a
re a
vaila
ble
at
http
://w
ww
.info
.gov
.hk/
acce
ss/.
Publ
ic p
artic
ipat
ion:
Enc
oura
ge p
ublic
par
ticip
atio
n in
ant
i-cor
rupt
ion
activ
ities
, in
parti
cula
r thr
ough
a) C
o-op
erat
ive
rela
tions
hips
with
civ
il so
ciet
y gr
oups
suc
h as
cha
mbe
rs o
f co
mm
erce
, pro
fess
iona
l ass
ocia
tions
, N
GO
s, la
bour
uni
ons,
hou
sing
as
soci
atio
ns, t
he m
edia
, and
oth
er
orga
nisa
tions
The
ICAC
coo
pera
tes
with
var
ious
gro
ups
and
orga
niza
tions
in p
rom
otin
g its
ant
i-cor
rupt
ion
mes
sage
s. T
he w
ork
of th
e H
ong
Kong
Eth
ics
Dev
elop
men
t Cen
tre is
ove
rsee
n by
six
maj
or
cham
bers
of c
omm
erce
in th
e H
KSAR
. In
prom
otin
g an
d co
nduc
ting
our w
ork
in v
ario
us
trade
s an
d in
dust
ries,
the
ICAC
ado
pts
a pa
rtner
ship
org
aniz
atio
ns a
ppro
ach
and
invo
lves
le
adin
g as
soci
atio
ns a
nd o
rgan
izat
ions
in th
at
parti
cula
r ind
ustry
to e
nhan
ce th
e im
pact
of t
he
activ
ities
con
duct
ed.
In li
aisi
ng w
ith th
e lo
cal c
omm
unity
, the
ICAC
es
tabl
ishe
s va
rious
net
wor
ks a
nd e
nlis
ts th
e su
ppor
t of d
iffer
ent s
ecto
rs o
f the
com
mun
ity in
pr
omot
ing
the
anti-
corru
ptio
n ca
use.
See
ht
tp://
ww
w.ic
ac.o
rg.h
k.
ICAC
b) P
rote
ctio
n of
whi
stle
blow
ers
Alth
ough
the
HKS
AR d
oes
not c
urre
ntly
hav
e sp
ecifi
c le
gisl
atio
n on
whi
stle
blow
ers,
a n
umbe
r of
perti
nent
mea
sure
s ar
e es
tabl
ishe
d to
ens
ure
conf
iden
tialit
y of
cor
rupt
ion
repo
rts h
andl
ed b
y th
e IC
AC, t
o pr
even
t unf
air t
reat
men
t of p
ublic
offi
cial
s w
ho m
ade
any
corru
ptio
n re
port,
to p
rote
ct th
e pe
rson
al s
afet
y an
d w
ell b
eing
of w
itnes
ses
and
to
guar
d ag
ains
t unr
easo
nabl
e di
smis
sal o
f
ICAC
Labo
ur D
epar
tmen
t
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
empl
oyee
s.
The
ICAC
ass
ures
the
iden
tity
of th
e in
form
ants
w
ould
be
kept
con
fiden
tial,
as p
rovi
ded
for i
n se
ctio
ns 3
0 an
d 30
A of
the
POBO
. Sec
tions
30
and
30A
of th
e PO
BO p
rovi
de s
peci
fical
ly th
at it
is a
n of
fenc
e to
dis
clos
e th
e id
entit
y, e
tc. o
f per
sons
be
ing
inve
stig
ated
, and
the
iden
titie
s of
info
rmer
s ar
e pr
otec
ted.
Sec
tion
30A
prov
ides
that
witn
ess
shal
l not
be
oblig
ed to
ans
wer
que
stio
ns to
whi
ch
the
answ
ers
may
lead
to th
e di
sclo
sure
of t
he
iden
tity
of a
n in
form
ant w
ho is
not
test
ifyin
g in
the
proc
eedi
ng. A
ll pr
osec
utio
ns u
nder
sec
tion
30 w
ill be
con
side
red
by D
oJ. O
n co
nvic
tion,
the
pena
lty
for b
reac
hing
sec
tion
30 c
ould
be
a fin
e of
H
K$20
,000
and
impr
ison
men
t for
one
yea
r.
Also
, it i
s cl
early
sta
ted
in th
e C
SB c
ircul
ar th
at a
n of
ficer
will
not b
e pe
naliz
ed fo
r lod
ging
a c
ompl
aint
w
hich
is m
ade
in g
ood
faith
. Thi
s he
lps
ensu
re th
at
publ
ic o
ffici
als
will
com
e fo
rwar
d to
repo
rt an
y co
rrupt
act
with
out f
ear o
f unf
air t
reat
men
t.
In a
dditi
on, t
he w
itnes
s pr
otec
tion
prog
ram
me
esta
blis
hed
and
mai
ntai
ned
unde
r the
Witn
ess
Prot
ectio
n O
rdin
ance
pro
vide
s pr
otec
tion
or o
ther
as
sist
ance
for w
itnes
ses
who
se p
erso
nal s
afet
y or
w
ell b
eing
may
be
at ri
sk a
s a
resu
lt of
bei
ng
witn
esse
s. T
here
are
two
kind
s of
pro
tect
ion
to
offe
r: (a
) phy
sica
l pro
tect
ion
(for e
xam
ple,
the
witn
ess
conc
erne
d w
ould
be
acco
mpa
nied
by
ICAC
of
ficer
s or
acc
omm
odat
ed in
“saf
e ho
use”
); an
d (b
) ot
her a
ssis
tanc
e (e
.g. c
hang
e of
iden
tity)
. The
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
appr
ovin
g au
thor
ity h
as th
e so
le re
spon
sibi
lity
of
deci
ding
whe
ther
or n
ot to
incl
ude
a w
itnes
s in
the
witn
ess
prot
ectio
n pr
ogra
mm
e. T
here
wer
e m
any
case
s in
the
past
in w
hich
witn
ess
prot
ectio
n in
one
fo
rm o
r ano
ther
wer
e ap
prov
ed a
nd o
ffere
d.
A pe
rson
who
is a
ggrie
ved
by a
dec
isio
n of
the
appr
ovin
g au
thor
ity n
ot to
incl
ude
him
, to
term
inat
e hi
s pr
otec
tion
as a
par
ticip
ant,
or n
ot to
est
ablis
h a
new
iden
tity
for h
im a
s a
parti
cipa
nt in
the
witn
ess
prot
ectio
n pr
ogra
mm
e m
ay re
ques
t tha
t the
de
cisi
on b
e re
view
ed b
y th
e IC
AC W
itnes
s Pr
otec
tion
Rev
iew
Boa
rd P
anel
set
up
unde
r se
ctio
n 14
of t
he W
itnes
s Pr
otec
tion
Ord
inan
ce.
The
ICAC
Witn
ess
Prot
ectio
n R
evie
w B
oard
Pan
el
is c
haire
d by
the
Hea
d of
Ope
ratio
ns o
f the
ICAC
an
d co
mpr
ises
inde
pend
ent c
omm
unity
pe
rson
aliti
es a
s m
embe
rs.
Fina
lly, t
he E
mpl
oym
ent O
rdin
ance
gen
eral
ly
allo
ws,
am
ong
othe
r thi
ngs,
em
ploy
ees
to c
laim
for
rem
edie
s ag
ains
t an
empl
oyer
for u
nrea
sona
ble
dism
issa
l if t
he e
mpl
oyee
has
bee
n em
ploy
ed
unde
r a c
ontin
uous
con
tract
for a
per
iod
of n
ot le
ss
than
24
mon
ths
and
he is
dis
mis
sed
by th
e em
ploy
er o
ther
than
for a
val
id re
ason
rela
ted
to –
cond
uct o
f the
em
ploy
ee;
capa
bilit
y or
qua
lific
atio
ns o
f the
em
ploy
ee fo
r pe
rform
ing
his
wor
k;
redu
ndan
cy o
r oth
er g
enui
ne o
pera
tiona
l re
quire
men
ts o
f the
bus
ines
s;
AD
B/O
EC
D A
nti-C
orru
ptio
n In
itiat
ive
for A
sia-
Pac
ific
– R
epor
t Hon
g K
ong,
Chi
na
Jak
Jabe
s, D
irect
or, G
over
nanc
e an
d R
egio
nal
Co-
oper
atio
n, A
DB
jja
bes@
adb.
org
phon
e: +
63 2
632
574
9, fa
x: +
63 2
636
219
3
Fre
deric
Weh
rlé, C
o-or
dina
tor,
Ant
i-Cor
rupt
ion
Initi
ativ
es, A
nti-C
orru
ptio
n D
ivis
ion,
OE
CD
fr
eder
ic.w
ehrle
@oe
cd.o
rg
phon
e: +
33 1
452
4 18
55, f
ax: +
33 1
443
0 63
07
Actio
n Pl
an o
bjec
tive
Reg
ulat
ory
or le
gal f
ram
ewor
k (p
ls. c
orre
spon
ding
do
cum
ent o
r leg
al te
xt)
Inst
itutio
n in
cha
rge
of im
plem
enta
tion
(i.e.
min
istry
, de
partm
ent,
inde
pend
ent i
nter
nal o
r ext
erna
l ov
ersi
ght b
ody
etc.
)
Rel
evan
t rec
ent o
r pla
nned
refo
rms
in th
is a
rea,
i.e
. the
ir ob
ject
ives
, im
plem
enta
tion
stag
es,
outp
uts
and
timef
ram
e.
stat
utor
y re
quire
men
ts -
in s
ome
circ
umst
ance
s, it
w
ould
be
cont
rary
to th
e la
w to
allo
w a
n em
ploy
ee
to c
ontin
ue to
wor
k in
his
orig
inal
pos
ition
or t
o co
ntin
ue w
ith th
e or
igin
al te
rms
in h
is e
mpl
oym
ent
cont
ract
; or
othe
r sub
stan
tial r
easo
ns -
apar
t fro
m th
e ab
ove
reas
ons,
an
empl
oyer
may
hav
e so
me
othe
r su
bsta
ntia
l rea
sons
whi
ch ju
stify
a d
ism
issa
l.
The
Labo
ur T
ribun
al, i
n co
nsid
erin
g an
un
reas
onab
le d
ism
issa
l cla
im, m
ay o
rder
–
rein
stat
emen
t or r
e-en
gage
men
t (su
bjec
t to
the
mut
ual c
onse
nt o
f bot
h th
e em
ploy
er a
nd
empl
oyee
); or
an a
war
d of
term
inal
pay
men
ts a
gain
st th
e em
ploy
er.
The
abov
e m
easu
res
are
also
men
tione
d in
pag
es
7 to
9 a
nd 2
6 to
27
abov
e.
c) In
volv
emen
t of N
GO
s in
mon
itorin
g of
pub
lic s
ecto
r pro
gram
mes
and
ac
tiviti
es
As p
art o
f the
wor
k of
the
ICAC
, it i
nvol
ves
NG
Os
in
diss
emin
atin
g an
ti-co
rrupt
ion
mes
sage
s bu
t thi
s is
m
ore
of g
ener
atin
g a
mul
tiply
ing
effe
ct th
an
invo
lvin
g th
em to
pla
y a
mon
itorin
g ro
le. T
he
ICAC
’s e
xist
ing
advi
sory
com
mitt
ee s
yste
ms,
whi
ch
com
pris
e no
n-of
ficia
l mem
bers
dra
wn
from
a w
ide
spec
trum
of t
he c
omm
unity
, as
wel
l as
the
invo
lvem
ent o
f priv
ate
citiz
ens
in it
s w
orki
ng g
roup
s ha
ve s
erve
d a
mon
itorin
g pu
rpos
e. S
ee
http
://w
ww
.icac
.org
.hk.
ICAC