TNAG-1269-FCO40-1619-Banking-situation-in-Hong-Kong-1983 — Page 12

Clause

2

}

Amendment Proposed

the deposit-taking company conforms

with any limitation on the aggregate

amount of any advances, loans, facilities,

guarantees or liabilities which

the deposit-taking company may make

imposed by the Commissioner under

subsection (3)(a) or (6) or by the

terms of the letter of comfort;"; ";

(b) by deleting paragraph (b), and substituting the

following -

-

"(b) by deleting subsection (2) and substituting

י

the following

"(2) The Commissioner may, for the

purposes of paragraph (bb) of the proviso

to subsection (1), accept a letter of

comfort if that letter of comfort

(a)

is given by a bank which

-

(i) is a shareholder in the

deposit-taking company;

(ii)

controls any body corporate

which is a shareholder in the

deposit-taking company; or