Regulatory Alerts2016-06-24
Added · Updated
Lifting of Restrictions on Melli Bank Plc under the Banking Ordinance
The Monetary Authority of Hong Kong has lifted restrictions imposed on Melli Bank Plc under section 52(1)(A) of the Banking Ordinance regarding its Hong Kong Branch. This directive, issued by Acting Executive Director Alan Au, applies immediately to the bank's affairs, business, and property. The decision revokes the measures previously communicated in a circular letter dated 25 June 2008.
Our Ref : B1/15C 24 June 2016 The Chief Executive All authorized institutions Dear Sir/Madam, Lifting of the restrictions imposed on Melli Bank Plc under the Banking Ordinance With reference to our circular letter of 25 June 2008, I am writing to inform you that the Monetary Authority has lifted the restrictions imposed on Melli Bank Plc under section 52(1)(A) of the Banking Ordinance in respect of the affairs, business and property of its Hong Kong Branch. The lifting of the restrictions takes immediate effect. Yours faithfully, Alan Au Acting Executive Director (Banking Supervision)