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 inform overseas-incorporated restricted licence banks of the removal of the three-building condition. This regulatory change modifies the operational requirements previously mandated under the Banking Ordinance for these specific financial institutions. The document serves as an official notification regarding the amendment of licensing conditions for authorized institutions incorporated outside Hong Kong.
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