Hong Kong Regulations

THE HONG KONG ASSOCIATION OF BANKS BY-LAWS - BYLAW 27

Designation

PART IV

REPRESENTATION OF MEMBERS

(1) A designation in writing of a representative made by a member pursuant to
section 10 of the Ordinance shall-

   (a)  be addressed to the Chairman of the Association at its head office in
        Hong Kong;

   (b)  be signed by a senior executive of the member; and

   (c)  bear the specimen signature of the representative.

(2) A designation made pursuant to paragraph (1) may be cancelled, or replaced
by a fresh designation, by a document addressed to the Chairman of the
Association at its head office in Hong Kong and signed by a senior executive
of the member.

(3) The Committee shall be entitled to presume that the person signing a
document under paragraph (1) or (2) above on behalf of a member has the
requisite authority from the member to do so.