Examples of HKMA in a sentence
In response to such a clarification from the HKMA, the Bank’s immediate holding company, DSBG, supported by its ultimate holding company, DSFH, has resolved and taken actions to subscribe a total of HK$1 billion new equity issued by the Bank on 25th March, 2009, and as a result of this capital increase action, the Bank’s core capital has been increased by the same amount on 25th March, 2009.
The adjusted capital adequacy ratio represents the Bank’s consolidated ratio as at 31st December, 2006, which is computed in accordance with the Guideline “Maintenance of Adequate Capital Against Market Risks” issued by the HKMA.
Accordingly, the Issuer shall not redeem any of such Subordinated Notes other than pursuant to Condition 6(a) or purchase and cancel the Subordinated Notes unless the prior written consent of the HKMA thereto shall have been obtained provided, however, that if from time to time the consent of the HKMA is not a requirement for any such Subordinated Notes to constitute Category II Supplementary Capital (or equivalent) of DSB for the purposes of the Banking Ordinance (Cap.
DSB has fully complied with the requirements set out in the guideline entitled “Corporate Governance of Locally Incorporated Authorized Institutions” issued by the HKMA.
On 22 July 2009, without admission of any liability, the Bank entered into an agreement with the SFC, the HKMA and other banks which had distrbuted retail structured notes issued under the “Secured Continuously Offered Note Programme” of Pacific International Finance Limited (“Xxxxxx Minibonds”) in Hong Kong (“Repurchase Scheme Agreement”).