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In forceAmended2020 Revised Edition
Contents

Part 5 · Control of Ownership and Management, Etc., of Airport Licensees and Designated Entities

67. Appointment of chief executive officer, chairperson, director, etc., of designated entity

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Amended

Last amended by an amending law of 2024.

(1)

A Class 1 designated operating entity or, in the case of a Class 1 designated operating entity that is a business trust, its trustee-manager, must not, on or after the effective designation date, appoint an individual as its chief executive officer, the chairperson of its board of directors or any of its directors, unless the Class 1 designated operating entity or the trustee-manager (as the case may be) has obtained the prior written approval of the Authority.

(2)

A Class 2 designated operating entity or designated equity interest holder or, in the case of a Class 2 designated operating entity or designated equity interest holder that is a business trust, its trustee-manager, must not, on or after the effective designation date, appoint an individual as its chief executive officer or the chairperson of its board of directors unless the Class 2 designated operating entity, designated equity interest holder or trustee-manager (as the case may be) has obtained the prior written approval of the Authority.

(3)

A person must not, on or after the effective designation date, be appointed as a manager of, or become a partner in, a limited liability partnership that is a designated entity unless the designated entity has obtained the prior written approval of the Authority.

(4)

A person must not, on or after the effective designation date, become a partner in a partnership that is a designated entity unless the person has obtained the prior written approval of the Authority.

(5)

The Authority may —

(a)

grant an approval under this section subject to any conditions that the Authority considers appropriate to impose; and

(b)

at any time add to, vary or revoke any condition so imposed.

(6)

Any person who contravenes subsection (1), (2), (3) or (4), or who fails to comply with any condition imposed under subsection (5), shall be guilty of an offence.

(7)

This section has effect despite the provisions of any other written law or anything contained in the memorandum or articles of association, limited liability partnership agreement, partnership contract, trust deed or other constitution, of the designated entity or the trustee-manager of the designated entity in relation to which the application for approval under subsection (1), (2), (3) or (4) is made.

Report

Part 6

Airport Operations

Part 6A

Airport Capacity Management

Part 7

Special Administration Orders and Schemes of Transfers, Etc., for Airport Licensees, Designated Business Trusts and Designated Operating Entities

Part 8

Monitoring and Enforcement Powers

Part 9

Levies, Fees and Charges

Part 10

Miscellaneous

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