HONG KONG: IMPLEMENTATION OF MANDATORY REFERENCE CHECKING SCHEME

On 11 August, Baker McKenzie published a briefing about a public consultation to address the “Rolling Bad Apples” phenomenon, issued on 3 May.  The briefing summarises the currently proposed MRC Scheme, the consultation having ended on 7 August.  The “Rolling Bad Apples” are individuals who engaged in misconduct during their employment in the institutions but are able to obtain subsequent employment elsewhere without disclosing their earlier misconduct to the new employer.

https://insightplus.bakermckenzie.com/bm/attachment_dw.action?attkey=FRbANEucS95NMLRN47z%2BeeOgEFCt8EGQJsWJiCH2WAVfnLVn2ghRGB0ecblff9sA&nav=FRbANEucS95NMLRN47z%2BeeOgEFCt8EGQbuwypnpZjc4%3D&attdocparam=pB7HEsg%2FZ312Bk8OIuOIH1c%2BY4beLEAeZr%2FsYz2TZ%2Fc%3D&fromContentView=1

https://www.hkma.gov.hk/media/eng/regulatory-resources/consultations/Conclusions_Paper_on_MRC_Scheme.pdf

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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