### Insurance Ordinance 《保險業條例》

95ZQ. Power to require compliance with restrictions on transfer of assets
(1) Subject to section 95ZN(1), the Authority may, by a written notice served on a designated insurance holding company, require the company to—
(a) refrain from transferring any assets of the company to any related entity; and
(b) comply with any other restrictions specified in the notice on the transfer of any assets of the company to a related entity.
(2) The Authority may, by a written notice served on a designated insurance holding company, require the company to ensure that other members of its supervised group, or any one or more of them—
(a) refrain from transferring any assets of the members to any related entity; and
(b) comply with any other restrictions specified in the notice on the transfer of any assets of the members to a related entity.
(3) In this section—
related entity (有關連實體), in relation to a designated insurance holding company, means—(a) any member of its supervised group; or
(b) a holding company of the company that is not a member of the group.

95ZR. Power to require action in relation to supervised group
(1) Subject to section 95ZN(2), the Authority may, by a written notice served on a designated insurance holding company, require the company to, within the time specified in the notice, take any action in relation to the affairs, business or property of its supervised group as the Authority considers appropriate.
(2) Without limiting subsection (1), the Authority may require under that subsection a designated insurance holding company to—
(a) do or refrain from doing anything; and
(b) ensure that other members of its supervised group, or any one or more of them, do or refrain from doing anything.
(3) The Authority may provide a copy of a requirement imposed under subsection (1) to any involved supervisor of the supervised group of the designated insurance holding company.
(4) To avoid doubt, the exercise of a power under this section does not prejudice the exercise of any other power under this Division.

95ZS. Variation and rescission of requirements
The Authority may, by a written notice served on a designated insurance holding company—
(a) vary a requirement imposed under section 95ZO, 95ZP, 95ZQ or 95ZR on the company; and
(b) if the Authority is of the opinion that it is no longer necessary for such a requirement to continue in force—rescind the requirement.

### Insurance Ordinance 《保險業條例》

95ZT. Direction for company to be managed by supervisory manager
(1) Subject to section 95ZN(3), the Authority may—
(a) give a direction that, during the period for which the direction is in force, the affairs, business and property of the designated insurance holding company specified in the direction (including the exercise of the company’s control or influence over any other member of its supervised group) is to be managed by a supervisory manager appointed by the Authority; and
(b) for the purposes of paragraph (a), appoint any person as the supervisory manager of the company.
(2) A direction under this section—
(a) must be given in writing;
(b) must be served on the designated insurance holding company specified in the direction;
(c) takes effect immediately when it is so served; and
(d) must state the name and address of the supervisory manager appointed.
(3) The Authority must cause notice of the direction to be published—
(a) in the Gazette; and
(b) in another way as the Authority considers expedient for notifying the public.
(4) The Authority may give notice of the direction to any involved supervisor of the supervised group of the designated insurance holding company.

95ZU. Restriction on meetings when direction given under section 95ZT in force
(1) During the period for which a direction given under section 95ZT in relation to a designated insurance holding company is in force—
(a) no meeting of the company may be held except with the consent, and in the presence, of the supervisory manager of the company; and
(b) no resolution may be passed at a meeting of the company except with the consent of the manager.
(2) For the purposes of subsection (1)(b)—
(a) any resolution passed, or purporting to have been passed, in contravention of that subsection is invalid; and
(b) anything done in reliance on any such resolution is also invalid.
(3) If a member or director of a designated insurance holding company requests the supervisory manager of the company to give a consent mentioned in subsection (1)(a), the manager must not unreasonably refuse to give that consent.
(4) In this section—
meeting (會議), in relation to a designated insurance holding company, means—(a) a general meeting of the members of the company; or
(b) a meeting of the directors of the company.

### Insurance Ordinance 《保險業條例》

95ZV. Powers of supervisory manager
(1) The supervisory manager of a designated insurance holding company—
(a) may do anything that is necessary for the management of the affairs, business and property of the company (including the exercise of the company’s control or influence over any other member of its supervised group); and
(b) without limiting paragraph (a), may exercise any power specified in Schedule 7A in relation to the company.
(2) The supervisory manager of a designated insurance holding company may require any of the persons specified in subsection (3) to—
(a) submit any information in relation to the affairs, business and property of the company that the manager reasonably requires for performing the manager’s functions or exercising the manager’s powers in relation to the company; and
(b) submit such information within the period and in the way specified by the manager.
(3) The persons specified for subsection (2) are—
(a) a person who has ceased to be a chief executive, director or key person in control functions of the designated insurance holding company during the period for which a direction given under section 95ZT is in force; and
(b) a shareholder controller of the designated insurance holding company.
(4) The supervisory manager of a designated insurance holding company may, with the approval of the Authority—
(a) remove any chief executive or key person in control functions of the company (whether appointed by the company or the manager); and
(b) appoint any person to be a chief executive, director or key person in control functions of the company.
(5) In relation to an appointment under subsection (4)(b)—
(a) sections 95S and 95U do not apply;
(b) section 95V applies as if the appointment were an appointment approved under section 95U; and
(c) the approval of the Authority mentioned in subsection (4) is not otherwise to be regarded as an approval under section 95U.
(6) The supervisory manager of a designated insurance holding company may call any meeting of the members, directors or creditors of the company.
(7) Subsection (8) applies if—
(a) a designated insurance holding company has a holding company (parent company