Regulation BEFORE repealed by BC Reg 597/2004, effective December 31, 2004.
| B.C. Reg. 392/97 O.C. 1323/97 | Deposited December 5, 1997 |
Financial Institutions Act
Hongkong Bank Authorization Regulation
Interpretation
1 In this regulation:
"guarantee" means the deed of guarantee, dated October 1, 1996, given by HSBC Holdings plc in respect of the deposit liabilities of the bank;
"the bank" means the Hongkong Bank of Canada.
Authorization
2 Until November 1, 2000, while the guarantee remains in effect, the bank is by this regulation authorized, in the course of conducting, soliciting or advertising deposit business, to describe, in a truthful manner, deposits in the bank by its customers as guaranteed by HSBC Holdings plc.
Note: this regulation replaces B.C. Reg. 344/94.
[Provisions of the Financial Institutions Act, R.S.B.C. 1996, c. 141, relevant to the enactment of this regulation: sections 89 (d) and 289 (4) (j)]