C124

Clause

BANKING BILL

BANKING BILL

C125

Page

Clause

Page

24.

25.

Grant or refusal of deposit-taking licence...

26.

Deposit-taking licence fees ...

27.

Register of authorized institutions, etc.

28.

Application for deposit-taking licence

C141

PART IX

C142

C142

49.

C142

OVERSEAS BRANCHES, ÖVERSeas RepresentATIVE OFFICES AND FEES

Control of establishment, etc. of overseas branches and overseas representa-

tive offices

C151

Publication of names entered in or removed from register and suspensions...

C143

50.

51.

Conditions regarding overseas branches and overseas representative offices Fees in respect of overseas branches and overseas representative offices

C151

C153

PART V

PART X

REVOCATION OF LICENCE or RegistraTION

OF AUTHORIZED INSTITUTION

POWERS OF CONTROL OVER AUTHORIZED INSTITUTIONS

29.

Revocation of banking licence

C144

52.

Powers of Commissioner

C153

30.

Procedure on and effect of revocation of banking licence

C144

53.

Powers of Governor in Council

C154

54.

31.

Revocation of registration

C144

55.

32.

Revocation of deposit-taking licence...

C145

Remuneration and expenses of Commissioner and others in certain cases Examination and investigation of authorized institutions, etc.

C155

C155

56.

Production of authorized institution's books, etc.

C155

33.

Procedure on and effect of revocation of registration or deposit-taking

licence

C146

57.

Control of authorized institution by the Commissioner

C156

58.

Authorized institution under control of Commissioner to co-operate with

Commissioner

C156

PART VI

SUSPENSION Of Deposit-taKING COMPANY

PART XI

AUDITS AND MEETINGS

34.

Interpretation

C146

35.

Temporary suspension of registration or deposit-taking licence in an

emergency.

59.

Audit

C157

C146

60.

Exhibition of audited balance sheet

C158

36.

Suspension of registration or deposit-taking licence for a period up to

6 months

61.

Meetings

C158

C146

62.

Reports to Disciplinary Committee of misbehaviour, etc. by auditors ...

C159

37.

Opportunity of being heard

C147

38.

Effect of suspension

C147

PART XII

DISCLOSURE OF INFORMATION BY AUTHORIZED INSTITUTIONS

PART VII

63.

TRANSFER OF LICENCE OR REGISTRATION

64.

Returns and information to be submitted to the Commissioner Information on shareholding, etc.

C159

C160

OF AUTHORIZED INSTITUTIONS

65.

Alteration in constitution

C161

39.

Interpretation

C147

66.

Deposit-taking company to notify Commissioner when it ceases to take

40.

Transfer of licence or registration

C147

deposits

C161

67.

41.

Application for transfer

C147

Duty to report inability to meet obligations

C161

68.

42.

Certificate of transfer, etc.

C148

Examination by authorities outside Hong Kong

C161

43.

Liabilities and priviliges of transferer and transferee

C148

PART XIII

PART VIII

OWNERSHIP AND MANAGEMENT OF AUTHORIZED ÎNSTITUTIONS

69.

Amalgamation requires Financial Secretary's approval

C161

LOCAL BRANChes, Local Representative Offices and Fees

70.

Commissioner's approval required for exercise of certain acquired voting

44.

Control of establishment, etc. of local branches

C148

power...

C162

45.

Fees in respect of local branches

C149

71.

Certain resolutions of authorized institutions void

C163

46.

Control of establishment, etc. of local representative offices

72.

C149

73.

47.

48.

Supply of information and examination of local representative offices... Fees in respect of local representative offices

C150

Controllers, etc. of authorized institutions require Commissioner's approval Certain persons prohibited from acting as employees of authorized institu-

tions except with consent of Commissioner

C163

C163

C150

74.

Appointment of chief executive ...

C164

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