1980-HKRS28-16-28_Part05 — Page 46

THONG CONG

No. 76 of 1980

I assent.

M NZ

Governor.

23 December 1980

An Ordinance to provide for the incorporation of The Hong Kong Association of Banks, for the corporation to assume the functions and to take over the assets and liabilities of The Exchange Banks' Association, Hong Kong and for matters incidental thereto and connected therewith.

1

Enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof.

PART I

PRELIMINARY

1. This Ordinance may be cited as The Hong Kong Association of Shon wie and Banks Ordinance 1980 and shall come into operation on a day to be comÉRIMENT. appointed by the Governor by notles in the Gazette.

2 In this Ordinance, unless the context otherwise requires- "Association" means The Hong Kong Association of Banks incorporated

by section 3;

"business of banking" means any of the activities or functions of a

licensed bank:

"Committee” means the Committee established by section 8;

Truerpretatioti