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Financial Institutions (Resolution) Ordinance Part 1 Section 1 HONG KONG SPECIAL ADMINISTRATIVE REGION

Locus sigilli.svg 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. [] 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.