1964_BANKING_ORDINANCE — Page 14

F

1987 Ed.]

Banking

[CAP. 155

13

(c) a company, where such deposit is secured by a mortgage, or charge, registered or to be registered under the Companies Ordinance;

(d) a person bona fide carrying on insurance business where such deposit is taken in the ordinary course of such business;

(e) a person bona fide operating a superannuation or provident fund where such deposit is taken for the purposes of such fund;

(f) a public utility company specified in the Third Schedule to the Inland Revenue Ordinance where such deposit is taken from a consumer;

(g) an employer where such deposit is taken from a bona fide employee;

(h) a solicitor, where such deposit is taken from a client, or as a stakeholder, in the ordinary course of his practice; (Amended, 64 of 1987, s. 3)

(i) the Urban Council or the Regional Council;

(j) a person who is a dealer within the meaning of the Securities Ordinance where section 84 of that Ordinance applies to such deposit, or a mutual fund corporation or unit trust authorized under section 15 of that Ordinance;

(k) a person who is registered as a dealer under the Commodities Trading Ordinance where such deposit is taken from a client in the ordinary course of his business as a dealer;

(l) any person for remittance outside Hong Kong; or

(Replaced, 64 of 1987, s. 3)

(m) the Exchange Fund established by the Exchange Fund Ordinance. (Replaced, 64 of 1987, s. 3)

(2) Part III of this Ordinance shall not apply to the taking of any deposit from-

(a) an authorized institution;

(b) a bank incorporated or established outside Hong Kong that is not licensed under this Ordinance;

(c) a money lender licensed under the Money Lenders Ordinance in the ordinary course of his business as a money lender; or

(Cap. 32.)

(Cap. 112.)

(Cap. 333.)

10 of 193965

(Cap. 250.)

(Cap. 66.)

(Cap. 163.)

(Cap. 166.)

(d) a pawnbroker licensed under the Pawnbrokers Ordinance in the ordinary course of his business as a pawnbroker.

(3) Notwithstanding anything in the Hongkong and Shanghai Banking Corporation Ordinance, this Ordinance shall apply to The Hongkong and Shanghai Banking Corporation Limited.

(Cap. 70.)

2N333789