102
CAP. 155]
Banking
[1987 Ed.
(Cap. 155, 1983 Ed.)
(Cap. 328, 1983 Ed.)
Appointed members of former committees to continue in office.
"former banking licence" means a licence granted under section 7 or 42 of the former Banking Ordinance and in force immediately before the commencement of this Ordinance:
"former Banking Ordinance" means the Banking Ordinance 1964 repealed by this Ordinance;
"former Commissioner" means the person who was, immediately before the commencement of this Ordinance, the Commissioner of Banking under section 4 of the former Banking Ordinance and, for the purposes of this Part, any reference in the former Deposit-taking Companies Ordinance to the Commissioner of Deposit-taking Companies shall be deemed to be a reference to such Commissioner of Banking;
"former Deposit-taking Companies Advisory Committee" means the Deposit-taking Companies Advisory Committee established by section 4 of the former Deposit-taking Companies Ordinance and as constituted immediately before the commencement of this Ordinance;
"former deposit-taking licence" means a licence granted under section 16B of the former Deposit-taking Companies Ordinance and in force immediately before the commencement of this Ordinance;
"former Deposit-taking Companies Ordinance" means the Deposit-taking Companies Ordinance 1976 repealed by this Ordinance;
"former registration" means registration under section 10 of the former Deposit-taking Companies Ordinance which was in force immediately before the commencement of this Ordinance.
139. (1) Any member of the former Banking Advisory Committee who was such a member by virtue of an appointment under section 3(2) of the former Banking Ordinance shall, on and from the commencement of this Ordinance, be deemed to be a member of the Banking Advisory Committee as if, on that commencement, he had been appointed under section 4(2) to be a member of the Banking Advisory Committee for the period he had left to serve, immediately before that commencement, as a member of the former Banking Advisory Committee and, for that purpose and for that period, the terms on which he was so appointed as a member of the former Banking Advisory Committee shall be the terms on which he shall be a member of the Banking Advisory Committee.
(2) Any member of the former Deposit-taking Companies Advisory Committee who was such a member by virtue of an appointment under section 5(1)(c) of the former Deposit-taking Companies Ordinance shall, on and from the commencement of this Ordinance, be deemed to be a member of the Deposit-taking Companies Advisory Committee as if, on that commencement, he
102
CAP. 155]
Banking
[1987 Ed.
(Cap. 155, 1983 Ed.)
(Cap. 328, 1983 Ed.)
Appointed members of former
committees to continue in office.
"former banking licence” means a licence granted under section 7 or 42 of the former Banking Ordinance and in force immediately before the commencement of this Ordinance:
"former Banking Ordinance" means the Banking Ordinance 1964
repealed by this Ordinance;
"former Commissioner" means the person who was, immediately before the commencement of this Ordinance, the Commissioner of Banking under section 4 of the former Banking Ordinance and, for the purposes of this Part, any reference in the former Deposit-taking Companies Ordinance to the Commissioner of Deposit-taking Companies shall be deemed to be a reference to such Commissioner of Banking;
"former Deposit-taking Companies Advisory Committee" means the Deposit-taking Companies Advisory Committee estab- lished by section 4 of the former Deposit-taking Companies Ordinance and as constituted immediately before the commen- cement of this Ordinance;
"former deposit-taking licence" means a licence granted under section 16B of the former Deposit-taking Companies Ordin- ance and in force immediately before the commencement of this Ordinance;
"former Deposit-taking Companies Ordinance” means the Deposit- taking Companies Ordinance 1976 repealed by this Ordinance;
"former registration" means registration under section 10 of the former Deposit-taking Companies Ordinance which was in force immediately before the commencement of this Ordinance.
139. (1) Any member of the former Banking Advisory Com- mittee who was such a member by virtue of an appointment under section 3(2) of the former Banking Ordinance shall, on and from the commencement of this Ordinance, be deemed to be a member of the Banking Advisory Committee as if, on that commencement, he had been appointed under section 4(2) to be a member of the Banking Advisory Committee for the period he had left to serve, immediately before that commencement, as a member of the former Banking Advisory Committee and, for that purpose and for that period, the terms on which he was so appointed as a member of the former Banking Advisory Committee shall be the terms on which he shall be a member of the Banking Advisory Committee.
(2) Any member of the former Deposit-taking Companies Advisory Committee who was such a member by virtue of an appointment under section 5(1)(c) of the former Deposit-taking Companies Ordinance shall, on and from the commencement of this Ordinance, be deemed to be a member of the Deposit-taking Companies Advisory Committee as if, on that commencement, he
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