Hong Kong Ordinances

DEPOSIT PROTECTION SCHEME ORDINANCE - SECT 6

Board to perform functions through Monetary Authority

(1) Unless otherwise directed by the Financial Secretary, the Board shall
perform its functions under this Ordinance through the Monetary Authority.

(2) For the purposes of subsection (1), the Monetary Authority shall, under
the direction of the Board, do all acts and things necessary for implementing
the decisions of the Board.

(3) All costs and expenses incurred by the Monetary Authority for the purposes
of subsection (1) shall be charged on the Exchange Fund.

(4) The Financial Secretary may, in relation to the costs and expenses that
were charged under subsection (3) during such period as may be determined by
him, direct that those costs and expenses, or such portion thereof as may be
determined by him—

(a) shall be recoverable from the Fund; and

   (b)  shall, at a time determined by him, be paid to the Exchange Fund by
        the Board from the Fund.

(5) The Board shall comply with any direction given under subsection (4).