1964_MONEY_LENDERS_ORDINANCE — Page 28

1988 Ed.]

Money Lenders

[CAP. 163

27

(3) Without limiting the generality of the Registrar's power under sub- section (2)(a) to impose conditions on an exemption granted under that subsection--

(a) such conditions may include a condition that the exemption shall apply to a loan, or class of loans, specified in the exemption; and

(b) the Registrar may, by notice in writing served on the person to whom the exemption is granted, revoke, vary, or add to any condition subject to which the exemption is granted.

(4) An exemption granted under subsection (2)(a) shall be in the pre- scribed form and-

(a) may be revoked at any time by the Registrar by notice in writing

served on the person to whom the exemption is granted; and

(b) unless sooner revoked under paragraph (a), shall remain in force for a period of 3 years, or such lesser period as may be specified by the Registrar after consultation with the Financial Secretary, commencing on the date on which the exemption is so granted or, if the exemption specifies a later date, that later date, and that exemption may be renewed from time to time by further applications made under subsection (1).

Legislative Council may amend Schedule 1

( Added, 69 of 1988, s. 31)

33C. The Legislative Council may by resolution amend Schedule 1.

(Added, 69 of 1988, s. 31)

Regulations

34. The Governor in Council may make regulations-

(a) prescribing anything required or permitted to be prescribed under this

Ordinance;

(b) specifying any particulars furnished under section 8 as particulars

which shall not be entered in the register under section 4;

(c) imposing restrictions in relation to the form in which security for any

loan may be demanded or accepted by a money lender;

(d) for the better carrying into effect of this Ordinance.

Repeal and saving

35. (1) The Money-lenders Ordinance 1911* is repealed. (2) [Repealed, 69 of 1988, s. 32]

(3) [Repealed, 69 of 1988, s. 32]

(4) The Registrar shall take possession of the register and any documents relating thereto kept at the office of the Registrar of Companies under the Money-lenders Ordinance 1911, and such register and other documents shall be deemed to form part of the records kept by the Registrar under this Ordinance and shall be available for inspection in the same manner as the register kept under this Ordinance.

* See Cap. 163, 1977 Ed.