Securities and Futures Act 2001 · 2020 Revised Edition · Part 3A · Approved Holding Companies
81ZGG. Remuneration and expenses of Authority and others in certain cases
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The Authority may at any time fix the remuneration and expenses to be paid by an approved holding company —
to a statutory manager or statutory adviser appointed in relation to the approved holding company, whether or not the appointment has been revoked; and
where the Authority has assumed control of the relevant business of the approved holding company, to the Authority and any person appointed by the Authority under section 320 in relation to the Authority’s assumption of control of the relevant business, whether or not the Authority has ceased to be in control of the relevant business.
The approved holding company must reimburse the Authority any remuneration and expenses payable by the approved holding company to a statutory manager or statutory adviser.
approved holding company
“approved holding company” means a corporation that is approved by the Authority under section 81W as an approved holding company;