Hong Kong Ordinances

OCCUPATIONAL RETIREMENT SCHEMES ORDINANCE - SECT 47

Coming into effect of cancellation

(1) A cancellation under section 45(1) shall not come into effect-

   (a)  where no appeal is made in relation to it under section 46, until the
        period during which such an appeal may be made has expired; or

   (b)  where such an appeal is made, pending determination of the appeal or,
        in case such appeal is withdrawn, before such withdrawal.

(2) Where the Registrar cancels the registration of a registered  scheme, in
order to afford an opportunity to enable the requirement of or under this
Ordinance which caused him to cancel the registration to be complied with, he
may defer the coming into effect of the cancellation and if so, shall give a
notice in writing of deferment to the designated  person and relevant employer
of the scheme.

(3) The Registrar shall-

   (a)  publish a notice of the coming into effect of the cancellation in at
        least one newspaper in the English language and one in the Chinese
        language circulating daily in Hong Kong;

   (b)  give a notice in writing of the coming into effect of the cancellation
        to the relevant employer of the relevant scheme requiring him to-

        (i)    cause a copy of the notice to be sent to each member of the
               scheme; or

        (ii)   display an appropriate notice of the Registrar's notice and
               make the latter available for inspection by such member.

(4) Any employer who fails to comply with a requirement under subsection
(3)(b) commits an offence and shall be liable on summary conviction to a fine
of $10000. (Enacted 1992)