1964_THE_HONGKONG_AND_SHANGHAI_BANKING_REGULATIONS — Page 13

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1989 Ed.]

The Hongkong and Shanghai Bank Regulations

[CAP. 70

A 13

[Subsidiary]

directly or indirectly the objects or interests of the bank, and to take or otherwise acquire and hold shares in or securities of any such company, corporation, syndicate or firm and to guarantee any payments in respect of any shares, debentures or securities (whether in the nature of capital, principal, income or interest or otherwise) issued by any such company, corporation, syndicate or firm;

(v) to do all or any of the above things in any part of the world, and as principal, agent, contractor, trustee or in any other capacity whatever, and by or through trustees, agents or otherwise, and either alone or in conjunction with others;

(w) to do all such other acts and things in all parts of the world as seem to the bank incidental or conducive to the attainment of the above objects or any of them.

4. Conduct of bank's business

Any branch or kind of business, which either by the Ordinance or by these regulations is either expressly or by implication authorized to be undertaken by the bank, may be undertaken by the board at such time or times as the board thinks fit, and further may, subject to obtaining any necessary consent, be suffered by it to be in abeyance, whether such branch or kind of business may have been actually commenced or not, for so long as the board may deem it expedient not to commence or proceed with such branch or kind of business.

5. Bank not to purchase or advance on its own shares

None of the funds of the bank shall be employed in the purchase of or in loans upon the security of its own shares.

Places of business

6.

Head office to be in Hong Kong

The bank shall always be provided with some house or office in Hong Kong, which shall be its head office or principal place of business.

7.

Situation of head office

(L.N. 157 of 1987)

The head office shall be at No. 1 Queen's Road Central, Victoria, in Hong Kong or at such other place in Hong Kong as the board may from time to time appoint.

(L.N. 157 of 1987)

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directly or indirectly the objects or interests of the bank, and to take or otherwise acquire and hold shares in or securities of any such company, corporation, syndicate or firm and to guarantee any payments in respect of any shares, debentures or securities (whether in the nature of capital, principal, income or interest or otherwise) issued by any such company, corporation, syndicate or firm;(v) to do all or any of the above things in any part of the world, and as principal, agent, contractor, trustee or in any other capacity whatever, and by or through trustees, agents or otherwise, and either alone or in conjunction with others;(w) to do all such other acts and things in all parts of the world as seem to the bank incidental or conducive to the attainment of the above objects or any of them.4. Conduct of bank's businessAny branch or kind of business, which either by the Ordinance or by these regulations is either expressly or by implication authorized to be undertaken by the bank, may be undertaken by the board at such time or times as the board thinks fit, and further may, subject to obtaining any necessary consent, be suffered by it to be in abeyance, whether such branch or kind of business may have been actually commenced or not, for so long as the board may deem it expedient not to commence or proceed with such branch or kind of business.5. Bank not to purchase or advance on its own sharesNone of the funds of the bank shall be employed in the purchase of or in loans upon the security of its own shares.7.Situation of head office(L.N. 157 of 1987)The head office shall be at No. 1 Queen's Road Central, Victoria, in Hong Kong or at such other place in Hong Kong as the board may from time to time appoint.(L.N. 157 of 1987)
Baseline (Original)
directly or indirectly the objects or interests of the bank, and to take or otherwise acquire and hold shares in or securities of any such company, corporation, syndicate or firm and to guarantee any payments in respect of any shares, debentures or securities (whether in the nature of capital, principal, income or interest or otherwise) issued by any such company, corporation, syndicate or firm;(v) to do all or any of the above things in any part of the world, and as principal, agent, contractor, trustee or in any other capacity whatever, and by or through trustees, agents or otherwise, and either alone or in conjunction with others;(w) to do all such other acts and things in all parts of the world as seem to the bank incidental or conducive to the attainment of the above objects or any of them.4. Conduct of bank's businessAny branch or kind of business, which either by the Ordinance or by these regulations is either expressly or by implication authorized to be undertaken by the bank, may be undertaken by the board at such time or times as the board thinks fit, and further may, subject to obtaining any necessary consent, be suffered by it to be in abeyance, whether such branch or kind of business may have been actually commenced or not, for so long as the board may deem it expedient not to commence or proceed with such branch or kind of business.5. Bank not to purchase or advance on its own sharesNone of the funds of the bank shall be employed in the purchase of or in loans upon the security of its own shares.7.Situation of head office(L.N. 157 of 1987)The head office shall be at No. 1 Queen's Road Central, Victoria, in Hong Kong or at such other place in Hong Kong as the board may from time to time appoint.(L.N. 157 of 1987)
2026-05-05 14:35:46 · Baseline
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1989 Ed.]

The Hongkong and Shanghai Bank Regulations

[CAP. 70

A 13

[Subsidiary]

directly or indirectly the objects or interests of the bank, and to take or otherwise acquire and hold shares in or securities of any such company, corporation, syndicate or firm and to guarantee any payments in respect of any shares, debentures or securities (whether in the nature of capital, principal, income or interest or otherwise) issued by any such company, corporation, syndicate or firm;

(v) to do all or any of the above things in any part of the world, and as principal, agent, contractor, trustee or in any other capacity whatever, and by or through trustees, agents or otherwise, and either alone or in conjunction with others;

(w) to do all such other acts and things in all parts of the world as seem to the bank incidental or conducive to the attainment of the above objects or any of them.

4. Conduct of bank's business

Any branch or kind of business, which either by the Ordinance or by these regulations is either expressly or by implication authorized to be undertaken by the bank, may be undertaken by the board at such time or times as the board thinks fit, and further may, subject to obtaining any necessary consent, be suffered by it to be in abeyance, whether such branch or kind of business may have been actually commenced or not, for so long as the board may deem it expedient not to commence or proceed with such branch or kind of business.

5. Bank not to purchase or advance on its own shares

None of the funds of the bank shall be employed in the purchase of or in loans upon the security of its own shares.

Places of business

6.

Head office to be in Hong Kong

The bank shall always be provided with some house or office in Hong Kong, which shall be its head office or principal place of business.

7.

Situation of head office

(L.N. 157 of 1987)

The head office shall be at No. 1 Queen's Road Central, Victoria, in Hong Kong or at such other place in Hong Kong as the board may from time to time appoint.

(L.N. 157 of 1987)

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