Regulatory Alerts2002-05-24
Added · Updated
Regulation of Advertising Material for Deposits Issued over the Internet
The Monetary Authority of Hong Kong issued this statutory guideline under the Banking Ordinance to specify factors for determining whether internet advertising for deposits is targeted at the Hong Kong public. The document outlines criteria regarding promotion, content, and advertiser precautions to assess if material falls under Section 92 restrictions without requiring prior approval. It further details enforcement mechanisms, including prosecution decisions and cross-border cooperation for overseas-hosted content.
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