### Chit-Fund Businesses (Prohibition) Ordinance 《銀會經營 (禁止) 條例》

1. Short title
This Ordinance may be cited as the Chit-Fund Businesses (Prohibition) Ordinance.

2. Interpretation
In this Ordinance, unless the context otherwise requires—
chit-fund (銀會) means a scheme or arrangement, whether known as chit-fund or “hwei” or by any other name, whereby or as part of which the participants subscribe periodically or otherwise to a common fund and that common fund is put up for sale or payment to the participants by auction, tender, bid, ballot or otherwise;
operate (經營) includes manage, form, conduct, organize, advertise and aid, assist or take part in operating.

3. Chit-fund business an offence
(1) Subject to section 5 and to subsection (2), any person who operates a chit-fund commits an offence and is liable to a fine at level 4 and to imprisonment for 3 years.
(2) Notwithstanding subsection (1), if an offence is committed under this section by reason only of the breach of one or both of paragraphs (a) and (c) of section 5(2), the offender is liable to a fine at level 1 and to imprisonment for 1 year.
(Amended 71 of 1985 s. 2; E.R. 2 of 2014)

5. Application of section 3
(1) Section 3 shall not have effect—
(a)-(b) (Repealed 71 of 1985 s. 4)(c) in respect of a chit-fund operated in accordance with subsection (2).
(2) A chit-fund may be operated if—
(a) there are not more than 30 participants;
(b) the operator is not at the same time operating another chit-fund;
(c) the common fund put up for sale or payment to the participants does not exceed $20,000; and
(d) no benefit accrues to the operator other than a right to receive the first subscription free of interest.
(3) Notwithstanding anything contained in this section any person who advertises a chit-fund, whether in a newspaper or by any other means, commits an offence and is liable to a fine at level 4 and to imprisonment for 3 years.
(4) The Legislative Council may, by resolution, amend the amount specified in subsection (2)(c). (Added 71 of 1985 s. 4)
(Amended 71 of 1985 s. 4; E.R. 2 of 2014)

### Chit-Fund Businesses (Prohibition) Ordinance 《銀會經營 (禁止) 條例》

6. Prohibition on registration of chit-fund companies
A company which has as its object or as one of its objects the operation of chit-funds must not be registered under the Companies Ordinance (Cap. 622).
(Amended 28 of 2012 ss. 912 & 920)

9. Liability of directors, managers, etc., under sections 3 and 4
(1) If an offence under this Ordinance has been committed by a body of persons, whether corporate or unincorporate, any person who was, at the time of the offence, a director, partner, member, manager, secretary or principal officer of or employed by such body, or who was purporting to act in any such capacity, shall be guilty of a like offence.
(2) Where any person referred to in subsection (1) is charged with an offence under this Ordinance, it shall be a defence for him to prove that the offence was committed without his consent or connivance, and that he exercised such diligence to prevent the commission of the offence as he ought to have exercised having regard to the nature of his functions and to all other circumstances.
(3) Where the agent or servant of a person (hereinafter referred to in this section as the principal

10. Saving of rights and claims
Nothing in this Ordinance shall prejudice the enforcement by any person of any right or claim against any person ceasing to carry on business or to operate chit-funds, by virtue of this Ordinance.

### Hong Kong Examinations and Assessment Authority Ordinance 《香港考試及評核局條例》

1. Short title
This Ordinance may be cited as the Hong Kong Examinations and Assessment Authority Ordinance.
(Amended 23 of 2002 s. 16)

2. Interpretation
In this Ordinance, unless the context otherwise requires—
Authority (考評局) means The Hong Kong Examinations and Assessment Authority established under section 3; (Amended 23 of 2002 s. 17)
specified examinations (指明考試) means the examinations specified in Schedule 1. (Amended 6 of 1993 s. 2)

### Hong Kong Examinations and Assessment Authority Ordinance 《香港考試及評核局條例》

4. Transaction of business by circulation of papers
The Authority may transact any of its business by the circulation of papers, and a resolution in writing which is approved in writing by a majority of the members shall be as valid and effectual as if it had been passed at a meeting of the Authority by the votes of the members so approving the resolution.

5. Incorporation
The Hong Kong Examinations and Assessment Authority shall be a body corporate with perpetual succession and a common seal and shall be capable of holding and disposing of all kinds of property, of suing and being sued and, subject to this Ordinance, of doing and suffering all such other acts and things as bodies corporate may lawfully do and suffer.
(Amended 23 of 2002 s. 19)

### Hong Kong Examinations and Assessment Authority Ordinance 《香港考試及評核局條例》

8. Amendment of Schedule
The Chief Executive in Council may, by order published in the Gazette, amend Schedules 1 and 2.
(Replaced 14 of 1987 s. 5. Amended 6 of 1993 s. 4; 53 of 2000 s. 3)

8A. Publication of examination and assessment results
The Authority may publish or disclose the results of any examination or assessment conducted by it, in such manner as it thinks fit.
(Added 14 of 1987 s. 6. Amended 23 of 2002 s. 21)

9. Resources of the Authority
The resources of the Authority shall consist of—
(a) the fees paid by candidates sitting the specified examinations or taking examinations or assessments conducted under section 7(2)(c); (Amended 23 of 2002 s. 22)
(b) such sums as the Authority may borrow under section 7(2)(l);
(c) such subsidies as may be made available from time to time by the Government to assist towards the cost of conducting the specified examinations;
(d) payments received under section 7(2)(m) for services rendered by the Authority;
(e) such other sums and property as may be received by the Authority in the exercise of its powers and duties. (Added 14 of 1987 s. 7)