1987 Ed.]

Banking

Section

[CAP. 155

3

PART IX

OVERSEAS BRANCHES, OVERSEAS REPRESENTATIVE OFFICES AND FEES

Page 37

49. Control of establishment, etc. of overseas branches and overseas representative offices

37

50. Conditions regarding overseas branches and overseas representative offices

38

51. Fees in respect of overseas branches and overseas representative offices

40

PART X

POWERS OF CONTROL OVER AUTHORIZED INSTITUTIONS

52. Powers of Commissioner

40

53. Powers of Governor in Council

42

54. Remuneration and expenses of Commissioner and others in certain cases

42

55. Examination and investigation of authorized institutions, etc.

43

56. Production of authorized institution's books, etc.

43

57. Control of authorized institution by the Commissioner

44

58. Authorized institution under control of Commissioner to co-operate with Commissioner

45

PART XI

AUDITS AND MEETINGS

59. Publication of audited balance sheet, etc.

46

60. Audit

47

61. Meetings

48

62. Commissioner may make complaint where there is misconduct, etc. by auditor

48

PART XII

DISCLOSURE OF INFORMATION BY AUTHORIZED INSTITUTIONS

63. Returns and information to be submitted to the Commissioner

48

64. Information on shareholding, etc.

50

65. Alteration in constitution

51

66. Authorized institution to notify Commissioner when it ceases to take deposits

52

67. Duty to report inability to meet obligations

52

68. Examination by authorities outside Hong Kong

52

PART XIII

OWNERSHIP AND MANAGEMENT OF AUTHORIZED INSTITUTIONS

69. Amalgamation, etc. requires approval

52

70. Commissioner's approval required for exercise of certain acquired voting power

54

71. Chief executives, directors and secretaries require Commissioner's approval

55

72. Controllers of authorized institutions require Commissioner's approval

56

72A

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