1987 Ed.]
Banking
[CAP. 155
11
(b) an authorized institution which is a deposit-taking company, means a place of business in Hong Kong of a deposit-taking company, other than its principal place of business in Hong Kong, at which it carries on the business of taking deposits;
"local representative office" means an office in Hong Kong of a bank incorporated outside Hong Kong which is not-
(a) licensed under section 16;
or a restricted licence bank
(b) a deposit-taking company; and
(c) recognized as the central bank of the place in which it is incorporated;
"manager" in relation to an authorized institution means its chief executive and any other person employed by the institution who, under the immediate authority of a director or of the chief executive, exercises managerial functions or is responsible for maintaining accounts or other records of the institution;
"money at call" means money payable within not more than 24 hours of a demand therefor, but does not include money payable on demand;
"overseas branch" means a branch outside Hong Kong of an authorized institution incorporated in Hong Kong, at which it carries on banking business or a business of taking deposits, as the case may be, whether or not the business of the branch is limited by the laws or regulations of the place in which the branch is situated and whether or not the branch is referred to as an agency in such place;
"overseas representative office" means an office outside Hong Kong, other than an overseas branch, of an authorized institution incorporated in Hong Kong;
"perpetual subordinated debt" means any of the debt instruments specified in the Fifth Schedule;
"register" means the register maintained under section 27;
"registered" means registered under this Ordinance;
"share" means share in the share capital of a company, and includes stock except where a distinction between stock or shares is expressed or implied; and the expression "shareholder" includes a stockholder;
"short-term deposit" means a deposit with an original term to maturity of less than 3 months or with a period of call or notice of less than 3 months,
"specified sum", in relation to---
(a) a registered deposit-taking company, means the sum referred to in section 14(1)(a); and
3/9052
Fifth Schedule.
51052
T
1987 Ed.]
Banking
[CAP. 155
11
(b) an authorized institution which is a deposit-taking com- pany, means-a place of business in Hong Kong of a deposit-taking.company, other than its principal place of business in Hong Kong, at which it carries on the business of taking deposits;
"local representative office" means an office in Hong Kong of a bank
incorporated outside Hong Kong which is not-
(a) licensed under section 16;
or a restricted licence bank
(b) a deposit-taking company; and
A
(c) recognized as the central bank of the place in which it is
incorporated;
"manager" in relation to an authorized institution means its chief executive and any other person employed by the institution who, under the immediate authority of a director or of the chief executive, exercises managerial functions or is responsible for maintaining accounts or other records of the institution;
'money at call" means money payable within not more than 24 hours of a demand therefor, but does not include money payable on demand;
"overseas branch" means a branch outside Hong Kong of an authorized institution incorporated in Hong Kong, at which it carries on banking business or a business of taking deposits, as the case may be, whether or not the business of the branch is limited by the laws or regulations of the place in which the branch is situated and whether or not the branch is referred to as an agency in such place;
"overseas representative office" means an office outside Hong Kong, other than an overseas branch, of an authorized institution incorporated in Hong Kong;
"perpetual subordinated debt" means any of the debt instruments
specified in the Fifth Schedule;
"register" means the register maintained under section 27;
"registered" means registered under this Ordinance;
"share" means share in the share capital of a company, and includes stock except where a distinction between stock or shares is expressed or implied; and the expression "shareholder" includes a stockholder;
"short-term deposit" means a deposit with an original term to maturity of less than 3 months or with a period of call or notice of less-than-3-months,
"specified sum", in relation to---
(a) a registered deposit-taking company, means the sum re-
ferred to in section 14(1)(a); and
3/9052
Fifth Schedule.
51052
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