What does banking ordinance mean?

banking ordinance meaning in Law Dictionary

cts passed away in legislation of Hong Kong that enhance certification limitations for banking institutions. It safeguards the free-banking system. The four functions passed in 1948, 1964, 1967, and 1986.

banking ordinance meaning in Business Dictionary

a few legislative acts passed away by the Legislative Council of Hong-Kong to increase limitations when it comes to licensing of a bank, intended to protect the population through the "Free Banking" environment that was speculative, unrestricted and highly volatile. These four acts were passed away in 1948, 1964, 1967 and 1986.