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In force2020 Revised Edition

Part 5 · Practice Monitoring Programme

34. Appointment of Practice Monitoring Sub-committee

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(1)

The Oversight Committee may, with the approval of the Authority, appoint a Practice Monitoring Sub‑committee to assist the Oversight Committee in designing and implementing the practice monitoring programmes for the purposes of this Part.

(2)

The Oversight Committee must designate one of the members of the Practice Monitoring Sub‑committee to be its chairperson.

(3)

The term of office of a member of the Practice Monitoring Sub‑committee is to be determined by the Oversight Committee.

(4)

Subject to this Part and to any general or special direction of the Authority or the Oversight Committee, the Practice Monitoring Sub‑committee may regulate its own procedure and business.

Report

Part 5A

Review of Compliance with Quality Control Standards and Requirements to Detect and Prevent Money Laundering, Terrorism Financing and Proliferation Financing

Part 6

Disciplinary Proceedings

Part 7

Miscellaneous

Part 8

Saving and Transitional Provisions

Schedules