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Chapter: | 66
 | Title: | EXCHANGE FUND ORDINANCE | Gazette Number: | |
| Section: | 2 | Heading: | Interpretation | Version Date: | 30/06/1997 |
In this Ordinance, unless the context otherwise requires-
"authorized institution" (認可機構) means a bank, a restricted licence bank or a deposit-taking company licensed or registered under the Banking Ordinance (Cap 155); (Added 12 of 1995 s. 2)
"foreign exchange" (外匯) means all freely convertible currencies other than Hong Kong currency; (Replaced 12 of 1995 s. 2)
"freely convertible" (可自由兌換) with respect to a currency means that it may be traded on the international foreign exchange markets; (Added 12 of 1995 s. 2)
"legal tender notes" (法定貨幣紙幣)-
(a) means-
(i) currency notes issued in Hong Kong by the Financial Secretary pursuant to section 3(1) of the Legal Tender Notes Issue Ordinance (Cap 65); and
(ii) bank notes issued in Hong Kong by a note-issuing bank in accordance with the terms and conditions (if any) to which its authorization (or deemed authorization) under section 3(2) of that Ordinance is subject; and
(b) includes any bank notes which were legal tender pursuant to that Ordinance as in force immediately before the commencement of the Bank Notes Issue (Amendment) Ordinance 1995 (98 of 1995); (Added 98 of 1995 s. 6)
"Monetary Authority" (金融管理專員) means the Monetary Authority appointed under section 5A; (Added 82 of 1992 s. 2)
"note-issuing bank" (發鈔銀行) has the meaning assigned to it by section 2 of the Legal Tender Notes Issue Ordinance (Cap 65). (Replaced 98 of 1995 s. 6)(Amended 98 of 1995 s. 6)