Examples of DPS Ordinance in a sentence
Under the DPS Ordinance, certain decisions of the Board and the MA can be the subject of a review by the Deposit Protection Appeals Tribunal.
The amendments proposed in the Notice will not affect the current binding effect of the DPS Ordinance.
The Board also briefed the Legislative Council Panel on Financial Affairs on 6 March 2006 on the latest implementation progress of the DPS and the proposed amendments to the DPS Ordinance.
In the unlikely event that the exclusion of structured products would materially affect the effectiveness of the DPS, the Board will consider reversing the exclusion by introducing appropriate amendments to the DPS Ordinance.
Thirdly, the aggregate amount of structured products which are likely to be deposits and are protected under the DPS Ordinance is very small.
The Hong Kong Association of Banks, the Consumer Council, the Law Society of Hong Kong and the Securities and Futures Commission supported the proposed amendments to the DPS Ordinance.
ADLC shall be solely responsible for all record keeping that may be required with respect to its obligations under this Agreement, including requirements imposed by the DPS Ordinance, the ICIAP, the CSOU RAWP, and the Residential Attic Abatement Implementation Plan; and ADLC shall provide such records to AR at times and in a manner as reasonably requested by AR that allows AR to comply with all applicable reporting and other requirements.
In addition, as the Board is required by the DPS Ordinance to perform functions through the MA, the Board and the HKMA have agreed on the extent of support provided by the HKMA.
Following such adoption, ADLC may propose additional amendments to the DPS Ordinance, as may be necessary from time to time, that are consistent with the ICIAP, the RODs, and this Agreement.
AR shall reimburse ADLC for the attorneys’ fees and costs reasonably incurred by ADLC in connection with the enforcement of the DPS Ordinance pursuant to Section 3.1. In order to secure such reimbursement, ADLC shall, at least annually by August 1 of each Fiscal Year, submit to AR a statement, including reasonably detailed backup documentation, of the attorneys’ fees and costs incurred by ADLC for such purpose, if any, during the preceding Fiscal Year or period.