1964_BANKING_ORDINANCE — Page 50

1987 Ed.]

Banking

[CAP. 155

49

(a) not later than 14 days after the last day of each calendar month a return showing the assets and liabilities of its principal place of business in Hong Kong and all local branches thereof at the close of business on the last business day of that month; and

(b) not later than 14 days after the last day of each quarter ending on 31 March, 30 June, 30 September and 31 December respectively, or upon any other day which may be approved by the Commissioner, a return relating to its principal place of business in Hong Kong and all local branches thereof as at the close of business on the last business day of the preceding quarter:

Provided that the Commissioner may by permission in writing allow the returns referred to in paragraphs (a) and (b) to be submitted at less frequent intervals.

(2) The Commissioner may require an authorized institution to submit such further information as he may consider-necessary for the proper understanding of the financial position of the institution and such information shall be submitted within such period and in such manner as the Commissioner may require.

(The Commissioner may require any return submitted to

him pursuant to subsection (1), or any information submitted to him pursuant to a requirement under subsection (2), to be accompanied by a certificate-

(a) of the auditor appointed under section 59(1) or of the auditors appointed under section 59(1) and (2), as the case may be; and

(b) in the case of an authorized institution which has been exempted under section 60(3) from section 59(1), of an auditor approved by the Commissioner for the purposes of this paragraph, (Amended, 64 of 1987, s. 13)

as to all or any of the following-

(i) whether or not, in the opinion of the auditor or auditors, the return or information is correctly compiled from the books or records of the institution and, if not correctly compiled, the nature and extent of the incorrectness; (ii) whether or not, during the period to which the return or information relates, there appears to the auditor or audi- tors to be any contravention by the institution of any of its duties under Part XII, XIV, XV, XVII or XVIII of this Ordinance, and, if it so appears, the nature of the contra- vention and the evidence therefor;

(iii) whether or not, during the period to which the return or information relates, there was any matter which, in the opinion of the auditor or auditors, adversely affects the financial position of the institution to a material extent, and if there was, the nature of the matter and the reason why the auditors are of that opinion.

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