Tag Archives: China

Prevention of Bribery Ordinance (Amendment of Schedules 1 and 2) Order 2025 takes effect upon gazettal

     The Government published in the Gazette today (June 20) the Prevention of Bribery Ordinance (Amendment of Schedules 1 and 2) Order 2025 (the Amendment Order), which takes effect on the same day. The Amendment Order aims to put the Hong Kong Investment Corporation Limited (HKIC) and three financial infrastructure-related institutions (namely, the Hong Kong FMI Services Limited (HKFMI), the OTC Clearing Hong Kong Limited (OTC Clear) and the CMU OmniClear Limited (CMU OmniClear)) under the regulatory regime of the Prevention of Bribery Ordinance (Cap. 201) (the Ordinance).
 
     The Amendment Order specifies the HKIC, the HKFMI, the OTC Clear and the CMU OmniClear as public bodies that are subject to various restrictions under the Ordinance. Furthermore, persons doing business with the four public bodies are subject to the relevant sections of the Ordinance.
 
     A spokesperson for the Financial Services and the Treasury Bureau said, “The HKIC is entrusted by the Government to support the development of innovation and technology, as well as strategic industries in Hong Kong through investment. The other three financial infrastructure-related institutions have public functions to manage and operate financial market infrastructures. In view of the important role played by the four public bodies in Hong Kong’s financial system and economic development, it is in the public interest to cover them under the regulation of the Ordinance.”
 
     The Amendment Order will be tabled at the Legislative Council on June 25 for negative vetting.
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Registered General Building Contractor and its Authorized Signatory disciplined for negligent or misconduct

     The Registered Contractors’ Disciplinary Board has completed a disciplinary inquiry under the Buildings Ordinance (BO) and decided that a Registered General Building Contractor (RGBC) and its Authorized Signatory (AS) should be disciplined for having been negligent and/or misconducted themselves in building works (including foundation and superstructure works).

     The Board ordered the RGBC to be fined $170,000, and the AS be reprimanded. Also, the RGBC and its AS are to pay $148,200 extra in total, being the costs of the Board and the Buildings Department (BD) for conducting the inquiry. 

     The Board’s written decision and order issued on June 10, was published in the Gazette today (June 20). Details are available at the following link: www.gld.gov.hk/egazette/pdf/20252925/egn202529253644.pdf.

     The case involved a construction site at Tai Shu Ha Road West in Yuen Long. Upon investigation by the BD, it was found that the RGBC and its AS had knowledge of the construction of unauthorised concrete walls below the ground floor of all houses and the club house at the site, which deviated from the approved plans in a material way. In view of the investigation results, the BD notified the Board for its consideration of disciplinary action against the RGBC and its AS under the provisions of sections 13(1) and 13(3) of the BO.

     A spokesperson for the BD reiterated that any registered contractors who have been negligent or have misconducted themselves in building works may be subject to disciplinary action under the BO. read more