1964_BANKING_ORDINANCE — Page 105

104

CAP. 155]

Banking

[1987 Ed.

Former licences, etc. deemed to be licences, etc. under this Ordinance.

43/90513

Date of payment of certain fees.

43/905/4

Second Schedule.

then---

(i) in the case of an application referred to in paragraph (a), the application shall be deemed to be an application under section 15 for a banking licence;

(ii) in the case of an application referred to in paragraph (b), the application shall be deemed to be an application under section 20 for registration; and

(iii) in the case of an application referred to in paragraph (c), the application shall be deemed to be an application under section 24 for a deposit-taking licence,

and the provisions of this Ordinance shall apply accordingly.

143. (1) Any former banking licence shall, on and from the commencement of this Ordinance, be deemed to be-

(a) in the case of a former banking licence granted under section 7 of the former Banking Ordinance, a banking licence granted under section 16; and

(b) in the case of a former banking licence issued under section 42 of the former Banking Ordinance, a banking licence granted under section 107,

and the provisions of this Ordinance shall apply accordingly.

(2) Any former registration shall, on and from the commence- ment of this Ordinance, be deemed to be registration under section 21, and the provisions of this Ordinance shall apply accordingly.

(3) Any former deposit-taking licence shall, on and from the commencement of this Ordinance, be deemed to be a deposit-taking licence granted under section 25, and the provisions of this Ordin- ance shall apply accordingly.

(4) Notwithstanding Part VII of the former Deposit-taking Companies Ordinance, any former registration or former deposit- taking licence which was, immediately before the commencement of this Ordinance, suspended under that Part shall, on and from that commencement, but subject to section 146, be deemed, for the purposes of subsections (2) and (3) and the definitions of "former registration" and "former deposit-taking licence" in section 138, to be in force immediately before that commencement.

144. Where, under this Ordinance, a bank-(including an un- incorporated bank), registered deposit-taking company or licensed deposit-taking company is required to pay any fee specified in the Second Schedule, irrespective of whether the words "authorized institution" are used to create any such requirement, by reference to the anniversary of the date on which the bank, registered deposit- taking company or licensed deposit-taking company was licensed or registered, as the case may be, or words to that effect, and the

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