| Journal Call no. | HG1302.Q37 |
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| Article Title | The Banking (Amendment) Bill 1996 / Banking Development Division. |
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| Is Part Of | Quarterly bulletin / Hong Kong Monetary Authority ; no.8, Aug 1996, p.70-74. |
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| Abstract | The Hong Kong Monetary Authority (HKMA) has prepared a Banking (Amendment) Bill 1996, which was introduced into the Legislative Council in early June. The main purpose of the Bill is to introduce a legal framework for the regulation of the issue of multi-purpose stored value cards and the authorization and regulation of foreign exchange and deposit brokers operating in the wholesale foreign exchange and deposit market (money brokers). The Bill also seeks to improve the working of individual provisions of the Ordinance in the light of experience; and consolidate the Ordinance by streamlining the appeal and penalty provisions. |
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