Regulatory Alerts2001-11-30
Added · Updated
Removal of The Three-Building Condition for Overseas-Incorporated Banks
The Hong Kong Monetary Authority issued this circular on November 30, 2001, to formally remove the three-building condition previously required for overseas-incorporated banks. This regulatory change eliminates the mandate that such institutions must operate from at least three separate buildings within Hong Kong. The document serves as an official notification to affected banks regarding the amendment of operational premises requirements under the Banking Ordinance.
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