A406
Disclosure of information relating to
authorized
institutions
Ord. No. 68/88
BANKING (AMENDMENT) (NO. 2)
3. Section 121 is amended by adding after subsection (2)—
"(2A) Subject to subsection (3) and notwithstanding section 120, the Commissioner may provide information on matters relating to the affairs of an authorized institution incorporated in Hong Kong to an authority in a place outside Hong Kong where-
(a) that authority exercises functions in that place corresponding to the functions of an authorized statutory office within the meaning of section 120(5A); and
(b) in the opinion of the Commissioner-
(i) that authority is subject to adequate secrecy provisions in that place; and
(ii) the provision of such information will enable or assist that authority to exercise those functions.".
Passed by the Hong Kong Legislative Council this 20th day of July
1988.
LAW Kam-sang,
Clerk to the Legislative Council.
This printed impression has been carefully compared by me with the bill, and is found by me to be a true and correctly printed copy of the said bill.
LAW Kam-sang,
Clerk to the Legislative Council.