Examples of Banking Ordinance in a sentence
An amount equivalent to 2% of the Total Purchase Price as security for the due and faithful performance and observance of its obligations under the Contract (“Contract Deposit”), to be payable either in cash or in the form of a bank guarantee issued by a bank with a valid banking licence under the Banking Ordinance, Cap.
Only when entered into between a licensed person and (i) an authorized institution as defined in section 2(1) of the Banking Ordinance (Cap 155); (ii) a licensed corporation; or and entity that carries on a business outside Hong Kong and is engaged predominantly in banking, securities or derivatives business, or asset management; and both counterparties exceed HK$60 billion notional threshold of non-centrally cleared OTC derivatives.
One or more cashier order(s) issued by a bank duly licensed under section 16 of the Banking Ordinance and/or cheque(s) in the aggregate amount of 5% of the Tender Price, such sum being the preliminary deposit for the tender, and made payable to “BAKER & MCKENZIE”, provided that HK$100,000 thereof must be paid by cashier order(s).
One or more cashier's order(s) issued by a bank duly licensed under section 16 of the Banking Ordinance in the sum of HK$3,000,000.00 and one or more cheque(s) drawn on a licensed bank in Hong Kong forthe balance thereby making the aggregate amount of 5% of the Purchase Price offered by the Tenderer all made payable to “ MAYER BROWN”.
In respect of Overseas Regulators, details of penalties imposed are furnished below: • Hong Kong branch As per section 71 A(2A) of Banking Ordinance of Hong Kong Monetary Authority (HKMA), Authorised Institutions (AI) are required to inform within the prescribed time limit of 14 days, regarding any person/s becoming or ceasing to be “Specified Persons” which includes Controllers, directors, Chief Executives, Alternate Chief Executives, Executive Officers or relevant individuals.