STATUTORY BANKING REGULATION & INSTITUTIONAL SEARCH GUIDE
Hong Kong Monetary Authority (HKMA) Banking & SVF Institutional Due Diligence Guide
Authoritative statutory guidance grounded in the Banking Ordinance (Cap. 155) and Payment Systems and Stored Value Facilities Ordinance (Cap. 584).
01.
Statutory Banking Framework & Three-Tier System (Licensed Banks, RLBs & DTCs)
#HKMA
#Authorized Institution
#Licensed Bank
#Restricted Licence Bank
#DTC
#Cap 155
Under Section 11 of the Banking Ordinance (Cap. 155), carrying on banking business or taking deposits without HKMA authorization is a serious criminal offence punishable by a fine of HK$5,000,000 and 5 years imprisonment. The three-tier banking structure comprises: ① Licensed Banks (full retail and commercial banking); ② Restricted Licence Banks (merchant banking and large-value wholesale deposits ≥HK$500,000); and ③ Deposit-Taking Companies (specialized finance with deposits ≥HK$100,000 for term ≥3 months). 86hc.com verifies authorization status, registered codes, and corporate standing.
02.
Stored Value Facilities (SVF) & E-Money Licensing (Cap. 584 Framework)
#SVF
#Stored Value Facility
#E-Money
#Digital Wallet
#Cap 584
Under the Payment Systems and Stored Value Facilities Ordinance (Cap. 584), issuers of retail electronic payment cards, digital wallets, and prepaid payment systems must hold an SVF license issued by the HKMA. Licensees must maintain minimum paid-up capital of HK$25,000,000, rigorous float separation, and independent custodial trust accounts. 86hc.com validates SVF license details and regulatory records.
03.
Controllers, Chief Executives & Executive Directors Statutory Approvals
#Chief Executive
#Controllers
#Fit and Proper
#Senior Management
#Corporate Governance
Pursuant to Cap. 155 Sections 70 and 71, no person may act as a Chief Executive, Alternate Chief Executive, or Controller of an Authorized Institution without prior written consent from the HKMA. The HKMA enforces strict fit and proper vetting, independent non-executive director ratios, and risk governance standards. 86hc.com tracks executive rosters and statutory appointment records.
04.
Companies Registry Official Filing Retrieval (Form NAR1 / ND2A Filings)
#Company Search
#NAR1
#ND2A
#Annual Return
#CR Filings
#Capital Structure
The corporate constitution, shareholding distribution, and registered debentures of banks and SVF operators are recorded with the Hong Kong Companies Registry. 86hc.com provides expedited 15–30 minute retrieval of official registry filings (Form NAR1, Form NNC1, Form ND2A, Form NM1 charges) complete with official receipt timestamps and anti-counterfeiting barcodes.
05.
Interbank Compliance, Cross-Border Treasury & Practising CPA CTC Certification
#Interbank
#Treasury
#Certified True Copy
#CTC
#Auditor Report
Cross-border syndicated financing, interbank credit lines, and sovereign debt issues require official constitutive proof certified by independent professionals. 86hc.com coordinates with Hong Kong Practising CPAs to issue Certified True Copies (CTC) conforming to Basel III and HKMA standards.