Clause
24.
Application for deposit-taking licence
2
25.
Grant or refusal of deposit-taking licence...
26.
Deposit-taking licence fees ...
27.
Register of authorized institutions, etc.
28.
Publication of names entered in or removed from register and suspensions...
PART V
REVOCATION OF LICENCE or RegistrATION
OF AUTHORIZED INSTITUTION
29.
Revocation of banking licence
30.
31.
Revocation of registration
332 33
32.
Procedure on and effect of revocation of banking licence
Revocation of deposit-taking licence...
Procedure on and effect of revocation of registration or deposit-taking
licence
PART VI
SUSPENSION of Deposit-TAKING COMPANY
34.
Interpretation
35.
Temporary suspension of registration or deposit-taking licence in an
emergency.
36.
Suspension of registration or deposit-taking licence for a period up to
6 months
37.
Opportunity of being heard
38.
Effect of suspension
:
:
PART VII
TRANSFER OF LICENCE OR REGISTRATION
OF AUTHORIZED INSTITUTIONS
3
Page
Clause
Page
19
PART IX
20
20
20
49.
Overseas BRANCHES, ÖVERSEAs RepresentatIVE OFFICES AND Fees
Control of establishment, etc. of overseas branches and overseas representa-
tive offices...
29
21
50.
51.
Conditions regarding overseas branches and overseas representative offices Fees in respect of overseas branches and overseas representative offices
29
31
PART X
POWERS OF CONTROL OVER AUTHORIZED INSTITUTIONS
2222
52.
Powers of Commissioner
31
53.
Powers of Governor in Council
32
54.
55.
Remuneration and expenses of Commissioner and others in certain cases Examination and investigation of authorized institutions, etc.
33
33
56.
Production of authorized institution's books, etc.
33
24
24
57.
Control of authorized institution by the Commissioner
34
58.
Authorized institution under control of Commissioner to co-operate with
Commissioner
34
24
25
24
PART XI
AUDITS AND MEETINGS
24
59.
Audit
60.
Exhibition of audited balance sheet
2335
24
61.
Meetings
62.
Reports to Disciplinary Committee of misbehaviour, etc. by auditors
wwww
35
36
36
37
PART XII
Disclosure of InformatION BY AUTHORIZED INSTITUTIONS
63.
64.
Returns and information to be submitted to the Commissioner Information on shareholding, etc.
37
38
25
65.
Alteration in constitution
39
66.
25
Deposit-taking company to notify Commissioner when it ceases to take
deposits
39
25
67.
Duty to report inability to meet obligations
39
26
68.
Examination by authorities outside Hong Kong
39
26
PART XIII
OWNERSHIP AND ManagemeNT OF AUTHORIZED INSTITUTIONS
2 2 2 20
22
69.
Amalgamation requires Financial Secretary's approval
39
70.
Commissioner's approval required for exercise of certain acquired voting
power...
40
71.
Certain resolutions of authorized institutions void
41
72.
73.
Controllers, etc. of authorized institutions require Commissioner's approval Certain persons prohibited from acting as employees of authorized institu-
tions except with consent of Commissioner
41
41
74.
Appointment of chief executive ...
42
39.
Interpretation
:
40.
Transfer of licence or registration
41.
Application for transfer
42.
Certificate of transfer, etc.
43.
Liabilities and priviliges of transferer and transferee
PART VIII
LOCAL BRANCHES, LOCAL Representative Offices and FEES
44.
Control of establishment, etc. of local branches
26
45.
Fees in respect of local branches
27
46.
Control of establishment, etc. of local representative offices
27
47.
Supply of information and examination of local representative offices...
28
48.
Fees in respect of local representative offices
28
Page 75Page 76
Clause
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