Regulatory Alerts2026-02-27
Added · Updated
Guide to Authorization-Chapter 7-Restrictions on Use of Banking Names and Descriptions
The Hong Kong Monetary Authority issues this guide to enforce Section 97(1) of the Banking Ordinance, which prohibits non-banks from using banking names without written consent. The document outlines specific statutory exemptions for local representative offices and restricted licence banks, alongside general consent rules for bank subsidiaries. It further details the criteria and application procedures for obtaining specific consent, emphasizing that the MA will deny requests for names likely to mislead the public into believing the entity is a supervised bank.
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