Exchange Fund Ordinance definition

Exchange Fund Ordinance means the Exchange Fund Ordinance (Cap 66) of the laws of Hong Kong;
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Exchange Fund Ordinance means the Exchange Fund Ordinance (Cap 66) of the laws of Hong Kong; “Financial Secretary” means the Financial Secretary of the HKSAR as controller of the Exchange Fund; “Former Index Share” means a share which was formerly, but has ceased to be, an Index Share; “Futures Contract” means any futures contract which is traded on the Futures Exchange;
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Examples of Exchange Fund Ordinance in a sentence

  • The Exchange Fund is a fund established under the Exchange Fund Ordinance (Cap.

  • A fund established in 1935 by the Exchange Fund Ordinance (Cap 66) (originally enacted as the Currency Ordinance) as a reserve to back the issue of Hong Kong’s banknotes.

  • The term Monetary Authority in the Ordinance refers to a person appointed by the Financial Secretary under the Exchange Fund Ordinance.

  • Under the Exchange Fund Ordinance, the Exchange Fund is placed under the control of the Financial Secretary and is available for use by him for purposes specified in that Ordinance, including for matters affecting, directly or indirectly, the exchange value of Hong Kong’s currency and for maintaining the stability and integrity of the monetary and financial systems of Hong Kong with a view to maintaining Hong Kong as an international financial center.

  • The MA is appointed under the Exchange Fund Ordinance to assist the Financial Secretary in performing his functions under the Exchange Fund Ordinance and to perform such other functions as are assigned by other Ordinances or by the Financial Secretary.

  • Independence of the members of the Board of DirectorsAs stated before, an exception based on the Act on Mortgage Societies and other regulations concerning CEO and his deputy, has been made from the Finnish Corporate Governance Code.

  • The Exchange Fund was originally constituted by the Currency Ordinance of 1935 which was later renamed the Exchange Fund Ordinance.

  • The EFAC is established under section 3(1) of the Exchange Fund Ordinance, which requires the Financial Secretary to consult the Committee in his exercise of control of the Fund.

  • Respective responsibilities of the Monetary Authority and the Director of AuditThe directive of the Chief Executive made under section 7 of the Exchange Fund Ordinance (Cap.

  • Basis of opinionI certify that I have audited the statement of the accounts referred to above in accordance with the directive of the Chief Executive made under section 7 of the Exchange Fund Ordinance and the Audit Commission auditing standards.