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Unformatted text preview: The Stock Exchange of
Hong Kong Limited.
(The list is for reference only and it is the responsibility of the users of this Code to
ascertain the applicable and up-to-date legal and regulatory requirements.)
28. Deleted. Deposit and Savings Facilities
Advertisements for deposit and savings facilities should comply with the
(a) for deposit and savings facilities offered by any licensed bank, any
restricted licence bank or any deposit-taking company authorized
under the Banking Ordinance (Cap. 155) :
(i) the advertisement should not use any terms or expressions
indicating that the deposits will be absolutely or completely
secure or to the like effect; (ii) the advertisement should not state or imply that the repayment of
any deposits or the payment of any interest payable on deposits is
guaranteed or secured unless it also states the nature and extent of
the guarantee and the name of the guarantor, or the nature and
extent of the security, as the case may be; (iii) no reference should be made to the amount of the nominal or
authorized capital of the institution; and
(iv) no reference should be made to the total assets of the institution
or to the total deposits made with the institution unless at the
same time a reference is made to the amounts of the paid up
capital and reserves either separately or together; or
(b) for invitations to make a deposit outside Hong Kong, the advertisement
should comply with the requirements specified in the Fifth Sche...
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This document was uploaded on 03/29/2014.
- Spring '14