1987 Ed.]
Banking
CHAPTER 155
BANKING
[CAP. 155
7
LN276/90
To regulate banking business and the business of taking deposits and to make provision for the supervision of authorized institutions so as to provide a measure of protection to depositors and to promote the general stability and effective working of the banking system, and to provide for matters incidental thereto or connected therewith.
[The Ordinance, other than Part XVII: 1 September 1986.]
PART I
PRELIMINARY
Originally 27 of 1986.
L.N. 246/86. L.N. 258/86.
L.N. 274/86. L.N. 21/87.
L.N. 276/87.
64 of 1987. L.N. 373/87. L.N. 412/87.
L.N. 413/87.
1. (1) This Ordinance may be cited as the Banking Ordinance.
(2) This Ordinance shall come into operation on a day to be appointed by the Governor by notice in the Gazette and the Governor may appoint different days for different provisions.
2. (1) In this Ordinance, unless the context otherwise requires—
“accounts” means any accounts, whether kept in writing or print or by any machine or device;
“advertisement” means any form of advertising, whether notified or published—
(a) in a newspaper, magazine, journal or other periodical publication;
(b) by the display of posters or notices;
(c) by means of circulars, brochures, pamphlets or handbills;
(d) by an exhibition of photographs or cinematograph films; or
(e) by way of sound broadcasting or television,
and references to the issue of an advertisement shall be construed accordingly;
“approved currency” means a currency—
(a) freely convertible into Hong Kong dollars; or
(b) approved by the Commissioner; (Added 64 of 1987, s. 2)
“auditor” means a professional accountant holding a practising certificate under the Professional Accountants Ordinance;
Short title and commencement.
Interpretation.
(Cap. 50.)