26
Publication of names entered in or removed from register and suspensions.
3/90314
Revocation of banking licence.
CAP. 155]
Banking
[1987 Ed.
28. (1) Where the name of a bank, local representative office, registered deposit-taking company or licensed deposit-taking company is entered in the register, the Commissioner shall publish in the Gazette notice of such entry.
(2) Where a company ceases to be a registered deposit-taking company by virtue of section 25(2), the Commissioner shall-
(a) remove from the register the name of the former registered deposit-taking company; and
(b) publish in the Gazette notice of such removal.
(3) Where the licence or registration of an authorized institution is revoked under this Ordinance, the Commissioner shall---
(a) remove from the register the name of the former authorized institution concerned; and
(b) publish in the Gazette notice of such removal.
(4) Where the registration of a registered deposit-taking company or the deposit-taking licence of a licensed deposit-taking company is suspended under this Ordinance, the Commissioner shall-
(a) make a notation in the register against the name of the deposit-taking company concerned that its registration or deposit-taking licence, as the case may be, has been so suspended and, if such suspension is for a specified period, shall, in that notation, give particulars of such period; and
(b) publish in the Gazette notice of such notation.
(5) Where approval for the establishment of a local representative office is revoked under this Ordinance, the Commissioner shall--
(a) remove from the register the name of the local representative office; and
(b) publish in the Gazette notice of such removal.
(6) On the date of commencement of this Ordinance, the Commissioner shall publish in the Gazette-
(a) the name of every bank, local representative office, registered deposit-taking company and licensed deposit-taking company entered in the register; and
(b) every notation in the register referred to in subsection (4).
PART V
REVOCATION OF LICENCE OR REGISTRATION OF AUTHORIZED INSTITUTION
29. The Governor in Council may revoke a banking licence-