TNAG-1269-FCO40-1619-Banking-situation-in-Hong-Kong-1983 — Page 18

Clause

8

Amendment Proposed

Commissioner exercises his powers under

subsection (6) in relation to the deposit-

taking company, the provisions of para-

graphs (a) and (b) of subsection (3)

shall not apply in relation thereto.

(6)

The Commissioner may at any

time, by notice to a deposit-taking

company, the liabilities of which are

assured by a letter of comfort accepted

by the Commissioner under subsection (2),

or deemed to have been accepted by him

under subsection (5)

་

(a)

where any limit has been specified

for the purposes of paragraph (a)

of subsection (3) or any require-

ment imposed under paragraph (b)

of that subsection, specify a

new limit or vary such a require-

ment, but he shall not impose

a more restrictive limit unless

he is of the opinion that