TNAG-1487-FCO40-2044-Hong-Kong-banking-Banking-Bill-1986-1986 — Page 31

PRINTED AND PUBLISHED BY H. MYERS, GOVERNMENT PRINTER AT THE GOVERNMENT PRINTING DEPARTMENT, HONG KONG

Section

BANKING

Ord. No. 27/86

A143

BANKING ORDINANCE 1986

ARRANGEMENT OF SECTIONS

PART I

PRELIMINARY

1.

Short title and commencement

2.

Interpretation

3.

Application

Page

A149

A 149

A153

PART II

APPOINTMENTS, FUNCTIONS OF COMMISSIONER, Reports by Commissioner AND POWER OF GOVERNOR TO Give DirectIONS

4.

Banking Advisory Committee

L

5.

Deposit-taking Companies Advisory Committee

6.

Commissioner of Banking

7.

Functions of Commissioner

8.

Commissioner may employ assistants

9.

Reports by Commissioner

10.

Power of Governor to give directions

A154

A154

A154

A154

A155

A155

A155

PART III

BANKING BUSINESS AND BUSINESS OF Taking DeposiTS TO BE CARRIED ON By AuthorizeD INSTITUTIONS ONLY

11.

Banking business restricted to licensed banks

A155

12.

Restriction on business of taking deposits

A155

13.

Power to grant exemptions ...

A 156

14.

Deposit-taking company not to take deposits less than specified sum

A 156

PART IV

LICENSING AND REGISTRATION OF AUTHORIZED INSTITUTIONS AND KEEPING OF REGISTER

15.

Application for banking licence ...

A 157

16.

Grant or refusal of banking licence

A157

17.

Amendment of conditions of banking licence

A158

18.

Minimum paid-up share capital for grant of banking licence...

A 158

19.

Banking licence fees

A158

20.

Application for registration as deposit-taking company..

A158

21.

Registration or refusal of registration of deposit-taking company...

22.

Amendment of conditions of registration ...

23.

Registration fees ...

:

:

A 158

A159

A160