Web1[THE SEVENTH SCHEDULE] (See section 100A) RULES FOR THE COMPUTATION OF THE PROFITS AND GAINS OF A BANKING COMPANY AND TAX PAYABLE THEREON 1 The Seventh Schedule substituted by the Finance Act, 2007. The substituted “The Seventh Schedule” read as follows: S. No. (1) 1. A[ ] “THE SEVENTH SCHEDULE EXPORTED … WebAt the meeting of the Sub-committee on the Banking Ordinance (Amendment of Seventh Schedule) Notice 2012 (Notice) on 12 June 2012, Members expressed concern that, if the requirement that applicants for authorization to carry on banking business in Hong Kong must have customer deposits of not less that HK$3 billion is removed, overseas banks
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WebThe HKMA has a general discretion to grant or refuse an application for authorization by an international bank. The HKMA may refuse authorization if an international bank does not fulfill one or more of the licensing criteria specified in the … WebAppendix 5 – The Banking Ordinance – Important provisions for the auditor Appendix 6 – Summary of relevant regulations and requirements issued by the SFC for the auditor to fulfil the duties under section 63B Appendix 7 – Checklist for the auditor Appendix 8 – Examples of Modified Auditor's Assurance Reports lb9 location
Guideline on Minimum Criteria for Authorization - Hong …
WebThe Banking Ordinance (Cap. 155) (“BO”) empowers the HKMA to the authorisation, suspension and revocation of licensed banks, restricted licence banks and deposit-taking companies (collectively referred to in Hong Kong, “Authorised Institutions” or “AIs”). The HKMA issues regulatory guides such as Circulars, Guidelines and ... Web12 May 2024 · The Banking Ordinance provides the legal framework for banking regulation, which is supplemented by two publications by the HKMA: the Supervisory Policy Manual … WebThis Notice amends the Seventh Schedule to the Banking Ordinance (Cap. 155) to— (a) increase the minimum paid-up capital requirement from $150 million to $300 million for … lb8503 liberty bags isabella canvas tote