Clause
3
Amendment Proposed
(iii) is a bank controlled by a
body corporate which is either
a shareholder in the deposit-
taking company or controls any
body corporate which is a shareholder
in the deposit-taking company;
(b)
is given by a bank incorporated
in Hong Kong or a bank established
in a country, state or place where
there is a banking supervisory
authority and that bank is, in the
opinion of the Commissioner,
adequately supervised by that
authority; and
(c)
has been given pursuant to a
resolution of the board of directors
of the bank and with the knowledge
of the banking supervisory authority
of the country, state or place where