“failed Scheme member” (無力償付成員) means a Scheme member in relation to which a specified event has, for the purposes of Part 5, occurred;
“function” (職能) includes a power and a duty;
“Fund” (存保基金) means the Deposit Protection Scheme Fund established by section 14;
“HKAB” (香港銀行公會) means The Hong Kong Association of Banks incorporated by section 3 of The Hong Kong Association of Banks Ordinance (Cap. 364);
“holding company” (控股公司) means a holding company within the meaning of section 2 of the Companies Ordinance (Cap. 32);
“information system” (資訊系統) has the meaning assigned to it by section 2(1) of the Electronic Transactions Ordinance (Cap. 553);
“late payment fee” (逾期繳付費) means the late payment fee imposed by the Board under section 15(4)(a);
“liquidator” (清盤人) means a liquidator appointed by virtue of or under section 194 of the Companies Ordinance (Cap. 32);
“MA supervisory rating” (專員監管評級), in relation to a Scheme member, means the supervisory rating that—
- (a) is from time to time assigned to the Scheme member by the Monetary Authority; and
- (b) reflects the Monetary Authority’s assessment of the Scheme member’s overall financial condition and of the quality of the Scheme member’s management;
“Monetary Authority” (金融管理專員) means the Monetary Authority appointed under section 5A of the Exchange Fund Ordinance (Cap. 66);
“protected deposit” (受保障存款) means a deposit denominated in any currency and maintained with a Scheme member but does not include those specified in section 1 of Schedule 1;
“provisional liquidator” (臨時清盤人) means a provisional liquidator appointed under section 193, or appointed by virtue of section 194, of the Companies Ordinance (Cap. 32);
“related person” (有關連人士), in relation to the Board, means—
- (a) a person employed or authorized by the Board under this Ordinance; or
- (b) a person appointed as an agent or adviser of the Board under this Ordinance;
“relevant deposit” (有關存款) means a deposit denominated in any currency and maintained with a Scheme member but does not include those specified in section 2 of Schedule 1;
“Scheme” (存保計劃) means the Deposit Protection Scheme established under section 11;
“Scheme member” (計劃成員) means a bank that is a member of the Scheme;
