DPS Ordinance definition

DPS Ordinance means the Deposit Protection Scheme Ordinance (Cap. 581 of the Laws of Hong Kong).
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DPS Ordinance means ADLC’s Development Permit System ordinance codified at Articles II, XXX, XXXI, and XXXIV of Chapter 24 of the Anaconda-Deer Lodge County Code. The term shall include the DPS Ordinance Amendments following adoption pursuant to Section 3.1 and any additional amendments adopted pursuant to Section 3.1.
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Examples of DPS Ordinance in a sentence

  • A Scheme member has to observe the requirements stipulated in the DPS Ordinance.

  • These include payment of contributions, submission of statistical returns and compliance with the rules and guidelines issued by the Board under the DPS Ordinance.

  • Under the DPS Ordinance, every bank in Hong Kong is a member of the Scheme unless it is otherwise exempted by the Board.

  • A Deposit Protection Scheme (DPS), which is administered by the Hong Kong Deposit Protection Board (the Board), is established according to the DPS Ordinance for protecting deposits placed in Hong Kong.

  • Details of the applicable levies can be found in Schedule 4 to the DPS Ordinance and the minimum amount of annual contribution is set at HK$50,000 (if a bank becomes a Scheme member other than at the beginning of a year, the amount payable will be calculated on a time pro rata basis).

  • Party A and Party B are hereby notified that the Escrow Amount or any deposit in each Escrow Account is a deposit qualified for protection by the Deposit Protection Scheme (“DPS”) under the DPS Ordinance in Hong Kong.

  • Thirdly, the aggregate amount of structured products which are likely to be deposits and are protected under the DPS Ordinance is very small.

  • 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.

  • 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.

Related to DPS Ordinance

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  • Companies Ordinance means the Companies Ordinance (Chapter 622 of the Laws of Hong Kong);

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  • EU Regulation means a regulation within the meaning of Article 288 of the Treaty on the Functioning of the European Union;

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