Financial Institutions (Resolution) Ordinance
HONG KONG SPECIAL ADMINISTRATIVE REGION
Ordinance No. 23 of 2016
C. Y. LEUNG
Chief Executive
14 February 2016
An Ordinance to establish a regime for the orderly resolution of financial institutions with a view to avoiding or mitigating the risks otherwise posed by their non-viability to the stability and effective working of the financial system of Hong Kong, including to the continued performance of critical financial functions; for that purpose to confer powers on the Insurance Authority, the Monetary Authority and the Securities and Futures Commission; to make consequential and related amendments to certain enactments; and to provide for incidental and related matters.
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Enacted by the Legislative Council.
Part 1
Preliminary
1. Short title and commencement
(1) This Ordinance may be cited as the Financial Institutions (Resolution) Ordinance.
