1988 Ed.]
Money Lenders Regulations
[CAP. 163
A 5
[Subsidiary]
(a) if a private company within the meaning of the Companies Ordinance (Cap. 32), give notice to the Registrar in accordance with that section of any change in the number of shares in the company held by any person; or
(b) if a company other than a private company referred to in paragraph (a), give notice to the Registrar in accordance with that section of any change in the number of shares in the company held by any person whereby the nominal value of any such voting shares held by that person exceeds 10 per centum of the nominal value of the issued voting share capital of the company.
Summary of Ordinance to be included in loan agreement
11. For the purposes of section 18(1)(b) of the Ordinance, a summary of the provisions of the Ordinance to be included in or attached to a copy of a note or memorandum of agreement referred to in that section shall-----
(a) be in the form set out in Schedule 3; and
(b) except where otherwise approved in writing by the Registrar, be printed in the English version in type of a size not less than the type known as 8 point Times and in the Chinese version in type the face of which is not less than 2.5 mm in depth.
Prohibition of certain forms of security
12. No money lender shall demand or accept as security for any loan any-
(a) identity card issued under the Registration of Persons Ordinance (Cap. 177), passport, warrant card, or other document establishing the identity or nationality of the holder;
(b) bank savings or deposit account book; or
(c) photograph (whether developed or not) of the borrower or surety or of any member of the family of the borrower or surety.
Form of exemption
13. An exemption granted under section 33B(2)(a) of the Ordinance, including a renewal of such an exemption, shall be in Form 10 in Schedule 2.
Application for exemption
14. An application for an exemption made under section 33B of the Ordinance, including an application for a renewal of such an exemption, shall be-
(a) in Form 11 in Schedule 2; and
(b) accompanied by the prescribed fee.
Page 5
Page 6
LN168/89
1988 Ed.]
Money Lenders Regulations
[CAP. 163
A 5
[Subsidiary]
(a) if a private company within the meaning of the Companies Ordinance (Cap. 32), give notice to the Registrar in accordance with that section of any change in the number of shares in the company held by any person; or
(b) if a company other than a private company referred to in paragraph (a), give notice to the Registrar in accordance with that section of any change in the number of shares in the company held by any person whereby the nominal value of any such voting shares held by that person exceeds 10 per centum of the nominal value of the issued voting share capital of the company.
Summary of Ordinance to be included in loan agreement
11. For the purposes of section 18(1)(b) of the Ordinance, a summary of the provisions of the Ordinance to be included in or attached to a copy of a note or memorandum of agreement referred to in that section shall-----
(a) be in the form set out in Schedule 3; and
(b) except where otherwise approved in writing by the Registrar, be printed in the English version in type of a size not less than the type known as 8 point Times and in the Chinese version in type the face of which is not less than 2.5 mm in depth.
Prohibition of certain forms of security
12. No money lender shall demand or accept as security for any loan any-
(a) identity card issued under the Registration of Persons Ordinance (Cap. 177), passport, warrant card, or other document establishing the identity or nationality of the holder;
(b) bank savings or deposit account book; or
(c) photograph (whether developed or not) of the borrower or surety or
of any member of the family of the borrower or surety.
Form of exemption
13. An exemption granted under section 33B(2)(a) of the Ordinance, including a renewal of such an exemption, shall be in Form 10 in Schedule 2.
Application for exemption
14. An application for an exemption made under section 33B of the Ordinance, including an application for a renewal of such an exemption, shall be-
(a) in Form 11 in Schedule 2; and
(b) accompanied by the prescribed fee.
Page 5Page 6
LN 168/89
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