Hong Kong Regulations

DEPOSIT PROTECTION SCHEME (REPRESENTATION ON SCHEME MEMBERSHIP AND PROTECTION OF FINANCIAL PRODUCTS UNDER SCHEME) RULES - SECT 4

Membership representations in advertisements

(1) This section applies where—

   (a)  a Scheme member publishes, or authorizes to be published, for its
        banking business any advertisement or promotional material, whether
        published by electronic, telecommunications or other means; and

   (b)  the advertisement or promotional material contains any information to
        the effect that—

        (i)    the Scheme member is a member of the Scheme; or

        (ii)   a deposit to be maintained with the Scheme member, or any other
               financial product offered by the Scheme member, is a protected
               deposit.

(2) The Scheme member shall make known to the public that it is a member of
the Scheme by including in the advertisement or promotional material mentioned
in subsection (1) a statement to the effect that—

   (a)  it is a member of the Scheme; and

   (b)  eligible deposits taken by it are protected by the Scheme up to a
        limit of HK$100000 per depositor.

(3) Where the advertisement or promotional material mentioned in subsection
(1) contains any information relating to a financial product offered by the
Scheme member that is not a protected deposit, the Scheme member shall include
in the advertisement or promotional material a statement that the financial
product is not a protected deposit and is not protected by the Scheme.