1964_BANKING_ORDINANCE — Page 106

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1987 Ed.]

Banking

[CAP. 155

105

banking licence, registration or deposit-taking licence, as the case may be, held by that bank, registered deposit-taking company or licensed deposit-taking company is deemed by virtue of section 143 to be a banking licence, registration or deposit-taking licence, as the case may be, then, for the purposes of paying any such fee, and notwithstanding any other provision of this Ordinance, such reference to the anniversary of the date on which the bank, registered deposit-taking company or licensed deposit-taking company was licensed or registered shall be 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, under the former Banking Ordinance or former Deposit-taking Companies Ordinance, as the case may be.

145. (1) Where, immediately before the commencement of this Ordinance, there was in force any condition attached to a former banking licence under section 7(1)(b) or 7A of the former Banking Ordinance and, on and from that commencement, the former banking licence is deemed by virtue of section 143 to be a banking licence, then, on and from that commencement, any such condition shall be deemed to be a condition attached to the banking licence as if, on that commencement, the Governor in Council had attached such condition under section 17 to the banking licence, and the provisions of this Ordinance shall apply accordingly.

(2) Where, immediately before the commencement of this Ordinance, there was in force any condition attached to a former deposit-taking licence under section 16B(1)(a) or (3) of the former Deposit-taking Companies Ordinance and, on and from that commencement, the former deposit-taking licence is deemed by virtue of section 143 to be a deposit-taking licence, then, on and from that commencement, any such condition shall be deemed to be a condition attached to the deposit-taking licence as if, on that commencement, the Financial Secretary had attached such condition under section 25(3) to the deposit-taking licence, and the provisions of this Ordinance shall apply accordingly.

(3) Where any local branch to which section 44(3) applies had in force, immediately before the commencement of this Ordinance, an approval under section 12A(1) or (3) of the former Banking Ordinance or section 16H(1) or (3) of the former Deposit-taking Companies Ordinance to which was attached any condition under section 12A(4) of the former Banking Ordinance or section 16H(4) of the former Deposit-taking Companies Ordinance and which condition was in force immediately before that commencement, then, on and from that commencement, any such condition shall be deemed to be attached to the approval under section 44 of the local branch as if, on that commencement, the Commissioner had attached such condition under section 44(4) to the approval, and the provisions of this Ordinance shall apply accordingly.

Conditions attached to former licences, etc. deemed to be conditions under this Ordinance.

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1987 Ed.] Banking [CAP. 155 105 banking licence, registration or deposit-taking licence, as the case may be, held by that bank, registered deposit-taking company or licensed deposit-taking company is deemed by virtue of section 143 to be a banking licence, registration or deposit-taking licence, as the case may be, then, for the purposes of paying any such fee, and notwithstanding any other provision of this Ordinance, such reference to the anniversary of the date on which the bank, registered deposit-taking company or licensed deposit-taking company was licensed or registered shall be 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, under the former Banking Ordinance or former Deposit-taking Companies Ordinance, as the case may be. 145. (1) Where, immediately before the commencement of this Ordinance, there was in force any condition attached to a former banking licence under section 7(1)(b) or 7A of the former Banking Ordinance and, on and from that commencement, the former banking licence is deemed by virtue of section 143 to be a banking licence, then, on and from that commencement, any such condition shall be deemed to be a condition attached to the banking licence as if, on that commencement, the Governor in Council had attached such condition under section 17 to the banking licence, and the provisions of this Ordinance shall apply accordingly. (2) Where, immediately before the commencement of this Ordinance, there was in force any condition attached to a former deposit-taking licence under section 16B(1)(a) or (3) of the former Deposit-taking Companies Ordinance and, on and from that commencement, the former deposit-taking licence is deemed by virtue of section 143 to be a deposit-taking licence, then, on and from that commencement, any such condition shall be deemed to be a condition attached to the deposit-taking licence as if, on that commencement, the Financial Secretary had attached such condition under section 25(3) to the deposit-taking licence, and the provisions of this Ordinance shall apply accordingly. (3) Where any local branch to which section 44(3) applies had in force, immediately before the commencement of this Ordinance, an approval under section 12A(1) or (3) of the former Banking Ordinance or section 16H(1) or (3) of the former Deposit-taking Companies Ordinance to which was attached any condition under section 12A(4) of the former Banking Ordinance or section 16H(4) of the former Deposit-taking Companies Ordinance and which condition was in force immediately before that commencement, then, on and from that commencement, any such condition shall be deemed to be attached to the approval under section 44 of the local branch as if, on that commencement, the Commissioner had attached such condition under section 44(4) to the approval, and the provisions of this Ordinance shall apply accordingly. Conditions attached to former licences, etc. deemed to be conditions under this Ordinance.
Baseline (Original)
1987 Ed.] Banking [CAP. 155 105 banking licence, registration or deposit-taking licence, as the case may be, held by that bank, registered deposit-taking company or licensed deposit-taking company is deemed by virtue of section 143 to be a banking licence, registration or deposit-taking licence, as the case may be, then, for the purposes of paying any such fee, and notwithstanding any other provision of this Ordinance, such ref- erence to the anniversary of the date on which the bank, registered deposit-taking company or licensed deposit-taking company was licensed or registered shall be 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, under the former Banking Ordinance or former Deposit-taking Companies Ordinance, as the case may be. 145. (1) Where, immediately before the commencement of this Ordinance, there was in force any condition attached to a former banking licence under section 7(1)(b) or 7A of the former Banking Ordinance and, on and from that commencement, the former banking licence is deemed by virtue of section 143 to be a banking licence, then, on and from that commencement, any such condition shall be deemed to be a condition attached to the banking licence as if, on that commencement, the Governor in Council had attached such condition under section 17 to the banking licence, and the provisions of this Ordinance shall apply accordingly. (2) Where, immediately before the commencement of this Ordinance, there was in force any condition attached to a former deposit-taking licence under section 16B(1)(a) or (3) of the former Deposit-taking Companies Ordinance and, on and from that com- mencement, the former deposit-taking licence is deemed by virtue of section 143 to be a deposit-taking licence, then, on and from that commencement, any such condition shall be deemed to be a condi- tion attached to the deposit-taking licence as if, on that commence- ment, the Financial Secretary had attached such condition under section 25(3) to the deposit-taking licence, and the provisions of this Ordinance shall apply accordingly. (3) Where any local branch to which section 44(3) applies had in force, immediately before the commencement of this Ordinance, an approval under section 12A(1) or (3) of the former Banking Ordinance or section 16H(1) or (3) of the former Deposit-taking Companies Ordinance to which was attached any condition under section 12A(4) of the former Banking Ordinance or section 16H(4) of the former Deposit-taking Companies Ordinance and which condition was in force immediately before that commencement, then, on and from that commencement, any such condition shall be deemed to be attached to the approval under section 44 of the local branch as if, on that commencement, the Commissioner had attached such condition under section 44(4) to the approval, and the provisions of this Ordinance shall apply accordingly. Conditions attached to former licences, etc. deemed to be conditions under this Ordinance.
2026-05-04 06:48:51 · Baseline
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1987 Ed.]

Banking

[CAP. 155

105

banking licence, registration or deposit-taking licence, as the case may be, held by that bank, registered deposit-taking company or licensed deposit-taking company is deemed by virtue of section 143 to be a banking licence, registration or deposit-taking licence, as the case may be, then, for the purposes of paying any such fee, and notwithstanding any other provision of this Ordinance, such ref- erence to the anniversary of the date on which the bank, registered deposit-taking company or licensed deposit-taking company was licensed or registered shall be 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, under the former Banking Ordinance or former Deposit-taking Companies Ordinance, as the case may be.

145. (1) Where, immediately before the commencement of this Ordinance, there was in force any condition attached to a former banking licence under section 7(1)(b) or 7A of the former Banking Ordinance and, on and from that commencement, the former banking licence is deemed by virtue of section 143 to be a banking licence, then, on and from that commencement, any such condition shall be deemed to be a condition attached to the banking licence as if, on that commencement, the Governor in Council had attached such condition under section 17 to the banking licence, and the provisions of this Ordinance shall apply accordingly.

(2) Where, immediately before the commencement of this Ordinance, there was in force any condition attached to a former deposit-taking licence under section 16B(1)(a) or (3) of the former Deposit-taking Companies Ordinance and, on and from that com- mencement, the former deposit-taking licence is deemed by virtue of section 143 to be a deposit-taking licence, then, on and from that commencement, any such condition shall be deemed to be a condi- tion attached to the deposit-taking licence as if, on that commence- ment, the Financial Secretary had attached such condition under section 25(3) to the deposit-taking licence, and the provisions of this Ordinance shall apply accordingly.

(3) Where any local branch to which section 44(3) applies had in force, immediately before the commencement of this Ordinance, an approval under section 12A(1) or (3) of the former Banking Ordinance or section 16H(1) or (3) of the former Deposit-taking Companies Ordinance to which was attached any condition under section 12A(4) of the former Banking Ordinance or section 16H(4) of the former Deposit-taking Companies Ordinance and which condition was in force immediately before that commencement, then, on and from that commencement, any such condition shall be deemed to be attached to the approval under section 44 of the local branch as if, on that commencement, the Commissioner had attached such condition under section 44(4) to the approval, and the provisions of this Ordinance shall apply accordingly.

Conditions attached to former licences, etc. deemed to be conditions under this Ordinance.

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