TNAG-1487-FCO40-2044-Hong-Kong-banking-Banking-Bill-1986-1986 — Page 24

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(g) to provide for ensuring, by means of a liquidity ratio, that all authorized institutions maintain a minimum liquidity level in respect of their liabilities maturing or callable within any calendar month (Part XVIII and the Fourth Schedule); the liquidity ratio, unlike the capital adequacy ratio, is not a new requirement as it in effect replaces the minimum holding of specified liquid assets that was required by the repealed Ordinances.

4. Before the Governor assented to the Bill in the name and on behalf of Her Majesty, the Acting Attorney General advised that he could properly do so.

Аниил Петь

Law Draftsman.

(June 1986.

ATTORNEY GENERAL'S CHAMBERS,

HONG KONG.