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CAP581DEPOSITPROTECTIONSCHEMEORDINANCE2

文章来源:中顾法律网 免费法律咨询3分钟100%回复 上网找律师 就到中顾法律网 快速专业解决您的法律问题 /souask/ CAP 581 DEPOSIT PROTECTION SCHEME ORDINANCE二 摘要:An Ordinance to provide for the establishment of a Hong Kong Deposit Protection Board; to provide for the establishment by the Board of a Deposit Protection Scheme for the purpose of providing compensation to depositors under certain circumstances in respect of deposits maintained with banks that are members of the Scheme; to provide for the establishment of a Deposit Protection Scheme Fund from which such compensation is to be paid; to provide for contributions to the Fund and for the entitlement to, and payment of, compensation from the Fund; to make consequential and other amendments to other Ordinances; and to provide for connected purposes.   “Tribunal” (审裁处) means the Deposit Protection Appeals Tribunal established by section 40;   “trustee” (受讬人) does not include a bare trustee;   “US Treasury Bill” (美国国库券) means a security, with an original maturity of not more than 12 months, issued by the Department of Treasury of the United States of America.   (2) In this Ordinance, a reference to the performance of a function includes the exercise of a power and the discharge of a duty.   (3) If a deposit, or portion thereof, held by a depositor in a client account for a client is also held by the depositor as a trustee or bare trustee under a trust or bare trust, the deposit or portion is, for the purposes of this Ordinance, taken as being held by the depositor for the client and not as such trustee or bare trustee.   (4) For the avoidance of doubt, any reference in this Ordinance to the commission of an offence by every director and every chief executive of a Scheme member or a bank (including any grammatical variations or cognate expressions of such reference) means that one or more than one of any such director and chief executive may be prosecuted for the offence.   Cap 581 s 3 Establishment of Hong Kong Deposit Protection Board   PART 2   HONG KONG

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