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 three-building condition for overseas-incorporated restricted licence banks. This regulatory change amends the Second Schedule to the Banking Ordinance, thereby relaxing the physical premises requirements for these specific financial institutions. The update aligns with the broader authorization framework for banks incorporated outside Hong Kong operating within the jurisdiction.
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