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 30 November 2001 to amend the Banking Ordinance regarding overseas-incorporated banks. The regulatory change removes the mandatory requirement for these institutions to occupy three separate buildings for their banking operations. This amendment updates the Second Schedule to the Banking Ordinance to reflect the revised operational standards for authorized institutions.
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