PROPOSED RESOLUTION UNDER SECTION 34(4) OF THE INTERPRETATION AND GENERAL CLAUSES ORDINANCE
MR CHAN CHUN-YING (in Cantonese):
Deputy President, I move that the motion under my name, as printed on the Agenda, be passed. At the House Committee meeting on 26 October 2018, Members decided to form a subcommittee to study the Financial Institutions (Resolution) (Loss-absorbing Capacity Requirements―Banking Sector) Rules (“the Rules”). To allow the Subcommittee sufficient time to scrutinize the Rules and to report to the House Committee, I call upon Members to support the motion to extend the scrutiny period of the subsidiary legislation to the Legislative Council meeting of 12 December 2018. Thank you.
Mr CHAN Chun-ying moved the following motion:
“RESOLVED that in relation to the Financial Institutions (Resolution) (Loss-absorbing Capacity Requirements―Banking Sector) Rules, published in the Gazette as Legal Notice No. 195 of 2018, and laid on the table of the Legislative Council on 24 October 2018, the period for amending subsidiary legislation referred to in section 34(2) of the Interpretation and General Clauses Ordinance (Cap. 1) be extended under section 34(4) of that Ordinance to the meeting of 12 December 2018.”