Hong Kong Ordinances

MONEY LENDERS ORDINANCE - SECT 33A

General exemptions

(1) The Registrar may, after consultation with the Financial Secretary, by
notice in the Gazette-

   (a)  exempt a class of persons (whether money lenders or not) specified in
        the notice from all or any of the provisions of this Ordinance
        specified in the notice; or

   (b)  exempt a loan, or class of loans, by a class of persons

(whether money lenders or not), specified in the notice from all or any of the
provisions of this Ordinance specified in the notice.

(2) An exemption under subsection (1) shall be subject to such conditions, if
any, as are specified in the notice.

(3) The Registrar may at any time by notice in the Gazette-

   (a)  revoke an exemption under subsection (1); or

   (b)  revoke, vary, or add to any condition subject to which such exemption
        is granted.

(4) Notwithstanding any other provision of this Ordinance, any notice-

   (a)  under section 21(2) or 27(2) of this Ordinance as in force at any time
        before the commencement* of the Money Lenders (Amendment) Ordinance
        1988 (69 of 1988); and

   (b)  in force immediately before that commencement, shall remain in force
        and continue to have effect as if section 17 or 23(a) and (b), as the
        case may be, of the Money Lenders (Amendment) Ordinance 1988 (69 of
        1988) had never come into operation but the Registrar may, after
        consultation with the Financial Secretary, by notice in the Gazette,
        revoke any such notice.

(5) Where, at any time before the commencement of the Money Lenders
(Amendment) Ordinance 1988 (69 of 1988), section 27(1) did not apply in
relation to an agreement referred to in section 27(2) of this Ordinance as in
force at any time before that commencement, then section 27(3) shall, in the
like manner-

   (a)  be deemed never to have applied in relation to that agreement; and

   (b)  not apply in relation to that agreement in so far as section  27 (1)
        does not apply in relation to that agreement by virtue of subsection

(4) of this section. (Added 69 of 1988 s. 31)
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Note:

* 1 October 1988-L.N. 257 of 1988