Regulatory Alerts1997-01-31
Added · Updated
Circular on Amended Second Schedule to the Banking Ordinance
The Hong Kong Monetary Authority issued this circular to inform authorized institutions and money brokers of the enactment of the Banking (Amendment) Ordinance 1997. The Ordinance establishes a regulatory framework for multi-purpose stored value cards and introduces licensing requirements for foreign exchange and deposit brokers. It also updates existing Banking Ordinance provisions to streamline revocation procedures, expand the Monetary Authority's crisis management powers, and adjust penalty tiers.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share