Hong Kong Regulations

MANDATORY PROVIDENT FUND SCHEMES (GENERAL) REGULATION - SECT 13

What is an eligible overseas bank for the purposes of this Regulation?

Caution: This is a past version. See the current version here.

A bank is an eligible overseas bank for the purposes of this Regulation if-

   (a)  it is an overseas bank within the meaning of section 2 of the
        Protection of Investors Ordinance ( Cap 335); and

   (b)  it satisfies a minimum credit rating set by the Authority, based on
        the credit rating of the bank as determined by an approved credit 
        rating agency.