Skip to content

Part 13 · Control of Designated Licensees and Designated Operating Entities

89D. Duties of relevant entity or trustee-manager, etc.

Feedback & support
Amended

Last amended by an amending law of 2024.

(1)

The relevant entity that is the subject of a special administration order under this Part or, in the case of such a relevant entity that is a business trust, its trustee-manager —

(a)

must facilitate the handover of the operations to the appointed person as specified in the order;

(b)

must not obstruct the appointed person’s access to property or the exercise by the appointed person of the appointed person’s responsibilities under or pursuant to the special administration order; and

(c)

must comply with reasonable directions given by the appointed person in the exercise of the appointed person’s responsibilities under or pursuant to the special administration order.

(2)

The relevant entity or trustee-manager which fails to comply with subsection (1) or an order under section 89A(1)(b) shall be guilty of an offence.

Report

Part 14

Liability of Authority

Part 15

Offences

Part 16

Miscellaneous Provisions

Schedules