CAP. 155]
Banking
[1987 Ed.
3/9052
(Cap. 32.)
"deposit-taking company" means--
(a) a registered deposit-taking company; or
(b) a licensed deposit-taking company;
"deposit-taking licence" means a deposit-taking licence granted under section 25;
"director" includes any person who occupies the position of director, whatever the title of his office;
"document" includes a circular, brochure, pamphlet, poster, handbill, prospectus and any other document which is directed at or likely to be read by members of the public; and also includes any newspaper, magazine, journal or other periodical publication;
"functions" includes powers and duties;
"holding company" and "subsidiary" have the same meaning as in the Companies Ordinance;
"issue", in relation to an advertisement or document, includes publish, circulate, distribute or disseminate the advertisement or document; and also includes causing the advertisement or document to be issued;
"licence", in relation to--
(a) an authorized institution which is a bank, means a banking licence; and
(b) an authorized institution which is a deposit-taking company, means a deposit-taking licence,
and references in this Ordinance to a licensed authorized institution shall be construed accordingly;
"licensed" means licensed under this Ordinance;
"liquidity ratio" means the liquidity ratio referred to in section 102;
"local branch", in relation to-
(a) an authorized institution which is a bank, means-
(i) in the case of a bank incorporated in Hong Kong, a place of business thereof in Hong Kong, other than its principal place of business in Hong Kong, at which it carries on banking business; and
(ii) in the case of a bank incorporated outside Hong Kong, a place of business thereof in Hong Kong, other than its principal place of business in Hong Kong or a local representative office thereof, at which it carries on banking business,
but in either case does not mean an automated teller machine; and