### Mandatory Provident Fund Schemes Ordinance 《強制性公積金計劃條例》

34ZE. Other change in relation to principal intermediary
(1) This section applies if—
(a) a principal intermediary ceases to carry on any regulated activity;
(b) there is a change in the address or any contact details of a principal intermediary;
(c) a principal intermediary—
(i) acquires any qualification as a Type A regulatee;
(ii) ceases to be a Type A regulatee of any industry regulator; or
(iii) has any qualification as a Type A regulatee of an industry regulator suspended; or
(d) a responsible officer of a principal intermediary ceases to be an officer with specified responsibilities in relation to the principal intermediary.
(2) The principal intermediary must give the Authority a notice in writing of the cessation, change, acquisition or suspension within 7 working days after it occurs.
(3) The Authority may revoke the registration of a person as a principal intermediary if the Authority is given a notice under subsection (2) that the person ceases to carry on any regulated activity.
(4) The Authority may revoke the approval of an individual as a responsible officer of a principal intermediary if the Authority is given a notice under subsection (2) that the individual ceases to be an officer with specified responsibilities in relation to the principal intermediary.
(5) A person who, without reasonable excuse, contravenes subsection (2) commits an offence and is liable to a fine at level 5.

34ZF. Subsidiary intermediary ceasing to be Type B regulatee etc.
(1) This section applies if—
(a) a person is a subsidiary intermediary attached to a principal intermediary;
(b) the person—
(i) ceases to be a Type B regulatee of an industry regulator; or
(ii) has any qualification as a Type B regulatee of an industry regulator suspended; and
(c) the industry regulator is the frontline regulator of the person in the person’s capacity of such intermediary.
(2) The approval of the attachment of the person to the principal intermediary—
(a) in the case of subsection (1)(b)(i), is revoked at the time the person ceases to be such a Type B regulatee; or
(b) in the case of subsection (1)(b)(ii), is suspended for the period during which that suspension is in force.
(3) Where the person is not approved as being attached to any principal intermediary after a revocation under subsection (2)(a), the Authority may revoke the registration of the person as a subsidiary intermediary if—
(a) no application has been made under section 34V(1) for approval of attachment of the person to a principal intermediary within 90 days after the date on which the revocation under subsection (2)(a) takes effect; or
(b) such an application has been made within 90 days after the date on which the revocation under subsection (2)(a) takes effect, and the Authority has rejected the application.

### Mandatory Provident Fund Schemes Ordinance 《強制性公積金計劃條例》

34ZG. Subsidiary intermediary without principal intermediary
(1) This section applies if—
(a) a person is a subsidiary intermediary attached to a principal intermediary; and
(b) the principal intermediary intends to withdraw the consent to the person being an intermediary for carrying on regulated activities for the principal intermediary.
(2) A withdrawal of the consent takes effect on—
(a) the date on which the principal intermediary gives the Authority a notice in the specified form of the withdrawal; or
(b) if a later date is specified in such a notice as the date on which the withdrawal is to take effect, that later date.
(3) The approval of the attachment of the person to the principal intermediary is revoked on the date on which the withdrawal takes effect.
(4) Where the person is not approved as being attached to any principal intermediary after a revocation under subsection (3), the Authority may revoke the registration of the person as a subsidiary intermediary if—
(a) no application has been made under section 34V(1) for approval of attachment of the person to another principal intermediary within 90 days after the date on which the revocation under subsection (3) takes effect; or
(b) such an application has been made within 90 days after the date on which the revocation under subsection (3) takes effect, and the Authority has rejected the application.

34ZH. Subsidiary intermediary whose principal intermediary having registration revoked
(1) This section applies if—
(a) a person is a subsidiary intermediary attached to another person who is a principal intermediary; and
(b) the registration of that other person as a principal intermediary is revoked under this Part.
(2) The approval of the attachment of the person to that other person is revoked at the time of that revocation.
(3) Where the person is not approved as being attached to any principal intermediary after a revocation under subsection (2), the Authority may revoke the registration of the person as a subsidiary intermediary if—
(a) no application has been made under section 34V(1) for approval of attachment of the person to another principal intermediary within 90 days after the date on which the revocation under subsection (2) takes effect; or 
(b) such an application has been made within 90 days after the date on which the revocation under subsection (2) takes effect, and the Authority has rejected the application.

### Mandatory Provident Fund Schemes Ordinance 《強制性公積金計劃條例》

34ZI. Other change in relation to subsidiary intermediary
(1) This section applies if—
(a) there is a change in the name of a subsidiary intermediary;
(b) there is a change in the address or any contact details of a subsidiary intermediary;
(c) a subsidiary intermediary—
(i) acquires any qualification as a Type B regulatee;
(ii) ceases to be a Type B regulatee of any industry regulator; or
(iii) has any qualification as a Type B regulatee of an industry regulator suspended; or
(d) a subsidiary intermediary ceases to be the responsible officer of a principal intermediary.
(2) The subsidiary intermediary must give the Authority a notice in writing of the change, acquisition, cessation or suspension within 7 working days after it occurs.
(3) A person who, without reasonable excuse, contravenes subsection (2), commits an offence and is liable to a fine at level 5.

34ZJ. Responsible officer no longer attached to principal intermediary
(1) This section applies if—
(a) an individual is a responsible officer of a principal intermediary; and
(b) the approval of the attachment of the individual to the principal intermediary is revoked or suspended under this Part.
(2) The approval of the individual as a responsible officer of the principal intermediary—
(a) in the case of a revocation of the approval of the attachment, is revoked at the time of that revocation; or
(b) in the case of a suspension of the approval of the attachment, is suspended for the period during which that suspension is in force.

34ZK. Responsible officer ceasing to have sufficient authority within principal intermediary etc.
(1) This section applies to an individual who is a responsible officer of a principal intermediary.
(2) The Authority may revoke the approval of the individual as a responsible officer of the principal intermediary if the Authority is satisfied that the individual has ceased to have sufficient authority within the principal intermediary, or to be provided with sufficient resources or support, for carrying out specified responsibilities in relation to the principal intermediary.
(3) The power under subsection (2) is not exercisable unless, before exercising the power, the Authority—
(a) has given the individual a notice in writing of its intention to do so and the reasons for doing so; and
(b) has given the individual an opportunity to make oral or written representations, or both, on those reasons.
(4) A notice under subsection (3)(a) must also include a statement describing—
(a) the right of the individual to make representations; and
(b) how and when the individual may make representations.