1964_BANKING_ORDINANCE — Page 107

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106

CAP. 155]

Suspension of former registration, etc. deemed to be suspension under this Ordinance.

Actions, etc.

under Part IV of former Banking Ordinance

deemed to be actions under Part X of this Ordinance.

Banking

[1987 Ed.

(4) Where any local representative office to which section 46(2) applies had in force, immediately before the commencement of this Ordinance, an approval under section 12C(1) or (2) of the former Banking Ordinance to which was attached any condition under section 12C(4) of the former Banking 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 46 of the local representative office as if, on that commencement, the Commissioner had attached such condition under section 46(4) to the approval, and the provisions of this Ordinance shall apply accordingly.

(5) Where any overseas branch or overseas representative office to which section 49(3) applies had in force, immediately before the commencement of this Ordinance, an approval under section 12F(1) or (3) of the former Banking Ordinance or section 16J(1) or (3) of the former Deposit-taking Companies Ordinance to which was attached any condition under section 12F(4) of the former Banking Ordinance or section 16J(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 49 of the overseas branch or overseas representative office, as the case may be, as if, on that commencement, the Commissioner had attached such condition under section 49(4) to the approval, and the provisions of this Ordinance shall apply accordingly.

146. Where any former registration or former deposit-taking licence which is, on and from the commencement of this Ordinance, deemed by virtue of section 143 to be registration or a deposit-taking licence, was, immediately before that commencement, suspended under Part VII of the former Deposit-taking Companies Ordinance, then, on and from that commencement, that registration or that deposit-taking licence, as the case may be, shall, in the like manner, be deemed to be suspended under Part VI for the period concerned of such suspension left to serve immediately before that commencement as if, on that commencement and for that period, the designated authority under Part VI had suspended that registration or deposit-taking licence, as the case may be, and the provisions of this Ordinance shall apply accordingly.

147. Where an act, matter or thing has been done under Part IV of the former Banking Ordinance by the Commissioner, the Financial Secretary or the Governor in Council to or in relation to a former bank and, on and from the commencement of this Ordinance, the former banking licence held by the former bank is deemed by virtue of section 143 to be a banking licence, then, on and from that commencement, to the extent that but for the enactment of this Ordinance...

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106 CAP. 155] Suspension of former registration, etc. deemed to be suspension under this Ordinance. Actions, etc. under Part IV of former Banking Ordinance deemed to be actions under Part X of this Ordinance. Banking [1987 Ed. (4) Where any local representative office to which section 46(2) applies had in force, immediately before the commencement of this Ordinance, an approval under section 12C(1) or (2) of the former Banking Ordinance to which was attached any condition under section 12C(4) of the former Banking 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 46 of the local representative office as if, on that commencement, the Commissioner had attached such condition under section 46(4) to the approval, and the provisions of this Ordinance shall apply accordingly. (5) Where any overseas branch or overseas representative office to which section 49(3) applies had in force, immediately before the commencement of this Ordinance, an approval under section 12F(1) or (3) of the former Banking Ordinance or section 16J(1) or (3) of the former Deposit-taking Companies Ordinance to which was attached any condition under section 12F(4) of the former Banking Ordinance or section 16J(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 49 of the overseas branch or overseas representative office, as the case may be, as if, on that commencement, the Commissioner had attached such condition under section 49(4) to the approval, and the provisions of this Ordinance shall apply accordingly. 146. Where any former registration or former deposit-taking licence which is, on and from the commencement of this Ordinance, deemed by virtue of section 143 to be registration or a deposit-taking licence, was, immediately before that commencement, suspended under Part VII of the former Deposit-taking Companies Ordinance, then, on and from that commencement, that registration or that deposit-taking licence, as the case may be, shall, in the like manner, be deemed to be suspended under Part VI for the period concerned of such suspension left to serve immediately before that commencement as if, on that commencement and for that period, the designated authority under Part VI had suspended that registration or deposit-taking licence, as the case may be, and the provisions of this Ordinance shall apply accordingly. 147. Where an act, matter or thing has been done under Part IV of the former Banking Ordinance by the Commissioner, the Financial Secretary or the Governor in Council to or in relation to a former bank and, on and from the commencement of this Ordinance, the former banking licence held by the former bank is deemed by virtue of section 143 to be a banking licence, then, on and from that commencement, to the extent that but for the enactment of this Ordinance...
Baseline (Original)
106 CAP. 155] Suspension of former registration, etc. deemed to be suspension under this Ordinance. Actions, etc. under Part IV of former Banking Ordinance deemed to be actions under Part X of this Ordinance. Banking [1987 Ed. (4) Where any local representative office to which section 46(2) applies had in force, immediately before the commencement of this Ordinance, an approval under section 12C(1) or (2) of the former Banking Ordinance to which was attached any condition under section 12C(4) of the former Banking 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 46 of the local representative office as if, on that commencement, the Com- missioner had attached such condition under section 46(4) to the approval, and the provisions of this Ordinance shall apply accordingly. (5) Where any overseas branch or overseas representative office to which section 49(3) applies had in force, immediately before the commencement of this Ordinance, an approval under section 12F(1) or (3) of the former Banking Ordinance or section 16J(1) or (3) of the former Deposit-taking Companies Ordinance to which was attached any condition under section 12F(4) of the former Banking Ordinance or section 16J(4) of the former Deposit-taking Companies Ordinance and which condition was in force im- mediately before that commencement, then, on and from that commencement, any such condition shall be deemed to be attached to the approval under section 49 of the overseas branch or overseas representative office, as the case may be, as if, on that commence- ment, the Commissioner had attached such condition under section 49(4) to the approval, and the provisions of this Ordinance shall apply accordingly. 146. Where any former registration or former deposit-taking licence which is, on and from the commencement of this Ordinance, deemed by virtue of section 143 to be registration or a deposit-taking licence, was, immediately before that commencement, suspended under Part VII of the former Deposit-taking Companies Ordinance, then, on and from that commencement, that registration or that deposit-taking licence, as the case may be, shall, in the like manner, be deemed to be suspended under Part VI for the period concerned of such suspension left to serve immediately before that commence- ment as if, on that commencement and for that period, the desig- nated authority under Part VI had suspended that registration or deposit-taking licence, as the case may be, and the provisions of this Ordinance shall apply accordingly, 147. Where an act, matter or thing has been done under Part IV of the former Banking Ordinance by the Commissioner, the Finan- cial Secretary or the Governor in Council to or in relation to a former bank and, on and from the commencement of this Ordin- ance, the former banking licence held by the former bank is deemed by virtue of section 143 to be a banking licence, then, on and from that commencement, to the extent that but for the enactment of this
2026-05-04 06:48:59 · Baseline
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106

CAP. 155]

Suspension of former registration, etc. deemed to be suspension under this Ordinance.

Actions, etc.

under Part IV of former Banking Ordinance

deemed to be actions under Part X of this Ordinance.

Banking

[1987 Ed.

(4) Where any local representative office to which section 46(2) applies had in force, immediately before the commencement of this Ordinance, an approval under section 12C(1) or (2) of the former Banking Ordinance to which was attached any condition under section 12C(4) of the former Banking 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 46 of the local representative office as if, on that commencement, the Com- missioner had attached such condition under section 46(4) to the approval, and the provisions of this Ordinance shall apply accordingly.

(5) Where any overseas branch or overseas representative office to which section 49(3) applies had in force, immediately before the commencement of this Ordinance, an approval under section 12F(1) or (3) of the former Banking Ordinance or section 16J(1) or (3) of the former Deposit-taking Companies Ordinance to which was attached any condition under section 12F(4) of the former Banking Ordinance or section 16J(4) of the former Deposit-taking Companies Ordinance and which condition was in force im- mediately before that commencement, then, on and from that commencement, any such condition shall be deemed to be attached to the approval under section 49 of the overseas branch or overseas representative office, as the case may be, as if, on that commence- ment, the Commissioner had attached such condition under section 49(4) to the approval, and the provisions of this Ordinance shall apply accordingly.

146. Where any former registration or former deposit-taking licence which is, on and from the commencement of this Ordinance, deemed by virtue of section 143 to be registration or a deposit-taking licence, was, immediately before that commencement, suspended under Part VII of the former Deposit-taking Companies Ordinance, then, on and from that commencement, that registration or that deposit-taking licence, as the case may be, shall, in the like manner, be deemed to be suspended under Part VI for the period concerned of such suspension left to serve immediately before that commence- ment as if, on that commencement and for that period, the desig- nated authority under Part VI had suspended that registration or deposit-taking licence, as the case may be, and the provisions of this Ordinance shall apply accordingly,

147. Where an act, matter or thing has been done under Part IV of the former Banking Ordinance by the Commissioner, the Finan- cial Secretary or the Governor in Council to or in relation to a former bank and, on and from the commencement of this Ordin- ance, the former banking licence held by the former bank is deemed by virtue of section 143 to be a banking licence, then, on and from that commencement, to the extent that but for the enactment of this

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