Page:Deposit Protection Scheme Ordinance (Cap. 581).pdf/5

DEPOSIT PROTECTION SCHEME ORDINANCE “applicant” (申請人) means a person who applies to the Tribunal under section 41(1), (2) or (3) for a review of—
 * (a) a decision, or an assessment, of the Board; or
 * (b) a decision of the Monetary Authority;

“authorized institution” (認可機構) has the meaning assigned to it by section 2(1) of the Banking Ordinance (Cap. 155);

“bank” (銀行) means a company—
 * (a) that holds a valid banking licence; or
 * (b) the banking licence of which is for the time being suspended under section 24 or 25 of the Banking Ordinance (Cap. 155);

“banking licence” (銀行牌照) means a banking licence granted under section 16 of the Banking Ordinance (Cap. 155);

“bare trustee” (被動受託人), in relation to a deposit or portion thereof, means a person holding the deposit or that portion on trust for a beneficiary where the beneficiary has the exclusive right to direct how the deposit or that portion is to be dealt with subject only to the right of the person to resort to the deposit or that portion to satisfy any outstanding charge or lien or for the payment of duty, taxes, costs or other outgoings;

“Board” (存保委員會) means the Hong Kong Deposit Protection Board established by section 3;

“chief executive” (行政總裁), in relation to a Scheme member or a bank, means the chief executive appointed under section 74 of the Banking Ordinance (Cap. 155) in respect of the Scheme member or the bank, and includes an alternate chief executive so appointed;

“client account” (客戶帳戶), in relation to a depositor, means an account maintained by the depositor with a bank for the purpose of holding money held by the depositor for a client of the depositor, whether or not other money may be held in the account;

“contribution” (供款) means—
 * (a) the build-up levy within the meaning of Schedule 4;
 * (b) the expected loss levy within the meaning of Schedule 4; or
 * (c) the surcharge within the meaning of Schedule 4;

“deposit” (存款) has the meaning assigned to it by section 2(1) of the Banking Ordinance (Cap. 155);

“depositor” (存款人) means a person entitled to repayment of a deposit, whether made by him or not;

“director” (董事) includes any person who occupies the position of director, whatever the title of his office;

“Exchange Fund” (外匯基金) means the Exchange Fund established by the Exchange Fund Ordinance (Cap. 66);

“Exchange Fund Bill” (外匯基金票據) means any instrument described as such which is issued by the Government for the account of the Exchange Fund under the Exchange Fund Ordinance (Cap. 66);