Money Lenders Regulations - Chapter 163A

Codes

Last updated: 30/06/1997

Linked as:

Extract

Money Lenders Regulations - Chapter 163A

MONEY LENDERS REGULATIONS - LONG TITLE

Empowering section VerDate:30/06/1997

(Cap 163 section 34)

[1 October 1988]

(L.N. 236 of 1988)

MONEY LENDERS REGULATIONS - REGULATION 1

Citation VerDate:30/06/1997

These regulations may be cited as the Money Lenders Regulations. (Enacted 1988)

MONEY LENDERS REGULATIONS - REGULATION 2

Directions in and signing of forms, etc. VerDate:01/07/1997

Amendments retroactively made - see 23 of 1999 s. 3

A form prescribed by these regulations shall be-

(a) completed-

(i) in accordance with any directions specified in the form;

(ii) in the English or Chinese language; and (23 of 1999 s. 3)

(iii) in such a manner as to be clearly legible; and

(b) signed-

(i) where the applicant is an individual (alone or as a partner of a firm), by that individual; or

(ii) where the applicant is a company, by any person authorized in that behalf by such company. (Enacted 1988)

MONEY LENDERS REGULATIONS - REGULATION 2

Directions in and signing of forms, etc. VerDate:30/06/1997

A form prescribed by these regulations shall be-

(a) completed-

(i) in accordance with any directions specified in the form;

(ii) in the English language, or in both the English and Chinese languages; and

(iii) in such a manner as to be clearly legible; and

(b) signed-

(i) where the applicant is an individual (alone or as a partner of a firm), by that individual; or

(ii) where the applicant is a company, by any person authorized in that behalf by such company. (Enacted 1988)

MONEY LENDERS REGULATIONS - REGULATION 3

Fees VerDate:30/06/1997

(1) The fees set out in Part A of Schedule 1 shall be payable to the Registrar.

(2) The fees set out in Part B of Schedule 1 shall be payable to the licensing court.

(3) The prescribed fee to be tendered under section 19(1) of the Ordinance by a borrower to a money lender shall be $15.

(4) The prescribed fee to be paid under section 19(2) of the Ordinance by a borrower to a money lender shall be $15.

(5) No fee shall be refundable. (Enacted 1988)

MONEY LENDERS REGULATIONS - REGULATION 4

Form of licence VerDate:30/06/1997

A licence referred to in section 7(2) of the Ordinance and granted under section 11 or renewed under section 13 of the Ordinance shall be in Form 1 in Schedule 2. (Enacted 1988)

MONEY LENDERS REGULATIONS - REGULATION 5

Application for licence VerDate:08/09/2004

(1) An application for a licence made under section 8(1) of the Ordinance shall-

(a) where the applicant is an individual (alone or as a partner of a firm), be in Form 2 in Schedule 2; or

(b) where the applicant is a company, be in Form 3 in Schedule 2.

(2) An application referred to in paragraph (1) shall be accompanied by-

(a) a statement-

(i) where the applicant is an individual (alone or as a partner of a firm), in Form 4 in Schedule 2; or

(ii) where the applicant is a company, in Form 5 in Schedule 2; and

(b) the prescribed fee.

(3) An application referred to in paragraph (1)(a) shall be further accompanied by a character or business reference, in writing, signed by any one of the following-

(a) a director or manager of a bank within the meaning of section 2 of the Banking Ordinance (Cap 155); or (49 of 1995 s. 53; 47 of 1997 s. 10)

(b) a barrister, solicitor or certified public accountant (within the meaning of the Professional Accountants Ordinance (Cap 50)), of at least 5 years standing and in actual practice in Hong Kong. (47 of 1997s. 10; 23 of 2004 s. 56)

MONEY LENDERS REGULATIONS - REGULATION 5

Application for licence VerDate:30/06/1997

(1) An application for a licence made under section 8(1) of the Ordinance shall-

(a) where the applicant is an individual (alone or as a partner of a firm), be in Form 2 in Schedule 2; or

(b) where the applicant is a company, be in Form 3 in Schedule 2.

(2) An application referred to in paragraph (1) shall be accompanied by-

(a) a statement-

(i) where the applicant is an individual (alone or as a partner of a firm), in Form 4 in Schedule 2; or

(ii) where the applicant is a company, in Form 5 in Schedule 2; and

(b) the prescribed fee.

(3) An application referred to in paragraph (1)(a) shall be further accompanied by a character or business reference, in writing, signed by any one of the following-

(a) a director or manager of a bank within the meaning of section 2 of the Banking Ordinance (Cap 155); or (49 of 1995 s. 53; 47 of 1997 s. 10)

(b) a barrister, solicitor or professional accountant (within the meaning of the Professional Accountants Ordinance (Cap 50)), of at least 5 years standing and in actual practice in Hong Kong. (47 of 1997 s. 10)

MONEY LENDERS REGULATIONS - REGULATION 6

Application for renewal of licence VerDate:30/06/1997

(1) An application for renewal of a licence under section 13 of the Ordinance shall-

(a) where the ap...

See the full content of this document