1964_BANKING_ORDINANCE — Page 15

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CAP. 155]

2N333/89

(Cap. 32.)

Banking Advisory Committee.

Deposit-taking Companies Advisory Committee.

Banking

[1987 Ed.

(4) Where there is any conflict or inconsistency between this Ordinance and the Hongkong and Shanghai Banking Corporation Ordinance the provisions of this Ordinance shall prevail. Limited

(5) An authorized institution which is incorporated or registered by or under the Companies Ordinance shall be subject to that Ordinance as well as to this Ordinance, except that where there is any conflict or inconsistency between this Ordinance and the Companies Ordinance the provisions of this Ordinance shall prevail.

PART II

APPOINTMENTS, FUNCTIONS OF COMMISSIONER, REPORTS BY COMMISSIONER AND POWER OF GOVERNOR TO GIVE DIRECTIONS

(1) There is hereby established a Banking Advisory Committee for the purpose of advising the Governor upon any matter connected with this Ordinance, in particular in relation to banks and the carrying on of banking business, and of advising the Governor in Council on each annual report submitted under section 9(1) and in any case where the advice of the Committee is sought under section 53(2).

(2) The Banking Advisory Committee shall consist of the Financial Secretary, who shall be the chairman, the Secretary for Monetary Affairs, the Commissioner, and such other persons, not being less than 4 nor more than 12, as the Governor may from time to time appoint.

(3) The members of the Banking Advisory Committee appointed by the Governor shall hold office for such period and upon such terms as the Governor may specify in their appointments.

(4) In the absence of the chairman at any meeting of the Banking Advisory Committee, the Secretary for Monetary Affairs shall act as the chairman.

5. (1) There is hereby established a Deposit-taking Companies Advisory Committee for the purpose of advising the Governor upon any matter connected with this Ordinance, in particular in relation to deposit-taking companies and the carrying on of a business of taking deposits by such companies, and of advising the Governor in Council on each annual report submitted under section 9(1) and in any case where the advice of the Committee is sought under section 53(2).

(2) The Deposit-taking Companies Advisory Committee shall consist of the Financial Secretary, who shall be the chairman, the Secretary for Monetary Affairs, the Commissioner, and such other persons, not being less than 4 nor more than 12, as the Governor may from time to time appoint.

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14 CAP. 155] 2N333/89 (Cap. 32.) Banking Advisory Committee. Deposit-taking Companies Advisory Committee. Banking [1987 Ed. (4) Where there is any conflict or inconsistency between this Ordinance and the Hongkong and Shanghai Banking Corporation Ordinance the provisions of this Ordinance shall prevail. Limited (5) An authorized institution which is incorporated or registered by or under the Companies Ordinance shall be subject to that Ordinance as well as to this Ordinance, except that where there is any conflict or inconsistency between this Ordinance and the Companies Ordinance the provisions of this Ordinance shall prevail. PART II APPOINTMENTS, FUNCTIONS OF COMMISSIONER, REPORTS BY COMMISSIONER AND POWER OF GOVERNOR TO GIVE DIRECTIONS 4. (1) There is hereby established a Banking Advisory Committee for the purpose of advising the Governor upon any matter connected with this Ordinance, in particular in relation to banks and the carrying on of banking business, and of advising the Governor in Council on each annual report submitted under section 9(1) and in any case where the advice of the Committee is sought under section 53(2). (2) The Banking Advisory Committee shall consist of the Financial Secretary, who shall be the chairman, the Secretary for Monetary Affairs, the Commissioner, and such other persons, not being less than 4 nor more than 12, as the Governor may from time to time appoint. (3) The members of the Banking Advisory Committee appointed by the Governor shall hold office for such period and upon such terms as the Governor may specify in their appointments. (4) In the absence of the chairman at any meeting of the Banking Advisory Committee, the Secretary for Monetary Affairs shall act as the chairman. 5. (1) There is hereby established a Deposit-taking Companies Advisory Committee for the purpose of advising the Governor upon any matter connected with this Ordinance, in particular in relation to deposit-taking companies and the carrying on of a business of taking deposits by such companies, and of advising the Governor in Council on each annual report submitted under section 9(1) and in any case where the advice of the Committee is sought under section 53(2). (2) The Deposit-taking Companies Advisory Committee shall consist of the Financial Secretary, who shall be the chairman, the Secretary for Monetary Affairs, the Commissioner, and such other persons, not being less than 4 nor more than 12, as the Governor may from time to time appoint. Page 15 Page 16

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14 CAP. 155] 2N333/89 (Cap. 32.) Banking Advisory Committee. Deposit-taking Companies Advisory Committee. Banking [1987 Ed. (4) Where there is any conflict or inconsistency between this Ordinance and the Hongkong and Shanghai Banking Corporation Ordinance the provisions of this Ordinance shall prevail. Limited (5) An authorized institution which is incorporated or regis- tered by or under the Companies Ordinance shall be subject to that Ordinance as well as to this Ordinance, except that where there is any conflict or inconsistency between this Ordinance and the Com- panies Ordinance the provisions of this Ordinance shall prevail. PART II APPOINTMENTS, FUNCTIONS OF COMMISSIONER, REPORTS BY COMMISSIONER AND POWER OF GOVERNOR TO GIVE DIRECTIONS 4. (1) There is hereby established a Banking Advisory Com- mittee for the purpose of advising the Governor upon any matter connected with this Ordinance, in particular in relation to banks and the carrying on of banking business, and of advising the Governor in Council on each annual report submitted under section 9(1) and in any case where the advice of the Committee is sought under section 53(2). (2) The Banking Advisory Committee shall consist of the Financial Secretary, who shall be the chairman, the Secretary for Monetary Affairs, the Commissioner, and such other persons, not being less than 4 nor more than 12, as the Governor may from time to time appoint. (3) The members of the Banking Advisory Committee ap- pointed by the Governor shall hold office for such period and upon such terms as the Governor may specify in their appointments. (4) In the absence of the chairman at any meeting of the Banking Advisory Committee, the Secretary for Monetary Affairs shall act as the chairman. 5. (1) There is hereby established a Deposit-taking Com- panies Advisory Committee for the purpose of advising the Gover- nor upon any matter connected with this Ordinance, in particular in relation to deposit-taking companies and the carrying on of a business of taking deposits by such companies, and of advising the Governor in Council on each annual report submitted under section 9(1) and in any case where the advice of the Committee is sought under section 53(2). (2) The Deposit-taking Companies Advisory Committee shall consist of the Financial Secretary, who shall be the chairman, the Secretary for Monetary Affairs, the Commissioner, and such other persons, not being less than 4 nor more than 12, as the Governor may from time to time appoint. Page 15Page 16

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CAP. 155]

2N333/89

(Cap. 32.)

Banking Advisory Committee.

Deposit-taking Companies Advisory Committee.

Banking

[1987 Ed.

(4) Where there is any conflict or inconsistency between this Ordinance and the Hongkong and Shanghai Banking Corporation Ordinance the provisions of this Ordinance shall prevail. Limited

(5) An authorized institution which is incorporated or regis- tered by or under the Companies Ordinance shall be subject to that Ordinance as well as to this Ordinance, except that where there is any conflict or inconsistency between this Ordinance and the Com- panies Ordinance the provisions of this Ordinance shall prevail.

PART II

APPOINTMENTS, FUNCTIONS OF COMMISSIONER, REPORTS BY COMMISSIONER AND POWER OF GOVERNOR TO GIVE DIRECTIONS

(1) There is hereby established a Banking Advisory Com- mittee for the purpose of advising the Governor upon any matter connected with this Ordinance, in particular in relation to banks and the carrying on of banking business, and of advising the Governor in Council on each annual report submitted under section 9(1) and in any case where the advice of the Committee is sought under section 53(2).

(3) The members of the Banking Advisory Committee ap- pointed by the Governor shall hold office for such period and upon such terms as the Governor may specify in their appointments.

(4) In the absence of the chairman at any meeting of the Banking Advisory Committee, the Secretary for Monetary Affairs shall act as the chairman.

5. (1) There is hereby established a Deposit-taking Com- panies Advisory Committee for the purpose of advising the Gover- nor upon any matter connected with this Ordinance, in particular in relation to deposit-taking companies and the carrying on of a business of taking deposits by such companies, and of advising the Governor in Council on each annual report submitted under section 9(1) and in any case where the advice of the Committee is sought under section 53(2).

1964_BANKING_ORDINANCE — Page 15

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