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.
CIR
Current
Issue Date:
30 Nov 2001
20011130-4-EN.doc (25.6 KB)
Topic:
Authorization - Others
Group:
Hong Kong branch of authorized institution incorporated outside Hong Kong
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
CIR
Current
30 Nov 2001
Removal of the Three-Building Condition (Letter to Overseas-Incorporated Restricted Licence Banks)
CIR
Current
30 Nov 2001
Removal of the Three-Building Condition (Letter to Overseas-Incorporated Restricted Licence Banks)
Cross referenced Document
Version History
Superseded Document
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