Regulatory Alerts2001-11-30
Added · Updated
Removal of the Three-Building Condition for Overseas-Incorporated Restricted Licence Banks
The Hong Kong Monetary Authority issued this circular on 30 November 2001 to formally remove the requirement for overseas-incorporated restricted licence banks to maintain three separate buildings. This regulatory change eliminates a specific operational constraint previously imposed on these institutions under the Banking Ordinance. The amendment aligns the licensing conditions with current operational realities and is reflected in the amended Second Schedule to the Banking Ordinance.
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