Transcription of CHAPTER 4 AUTHORIZATION - hkma.gov.hk
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CHAPTER 4 AUTHORIZATION - hkma.gov.hk
1 CHAPTER 4 AUTHORIZATION Introduction The MA, pursuant to section 16(10) of the Ordinance, has issued a Guideline on Minimum Criteria For AUTHORIZATION (the Guideline), which sets out the manner in which the MA will interpret the licensing criteria set out in the Seventh Schedule to the Ordinance (the Schedule) and exercise the functions conferred by it. The Guideline is subject to periodic review. This CHAPTER reproduces the contents of the latest version of the Guideline, but may also incorporate updated information such as changes in certain regulatory guidelines that may not yet have been included in the Guideline. Under section 16(1) of the Ordinance the MA has a general discretion to grant or refuse an application for AUTHORIZATION .
1 . CHAPTER 4 . AUTHORIZATION . Introduction. 4.1 The MA, pursuant to section 16(10) of the Ordinance, has issued a “Guideline on Minimum Criteria For Authorization” (the Guideline), which sets out the manner in
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