Trustee Ordinance

(1)
Notwithstanding the foregoing, any company lawfully carrying on banking
                    business in Hong Kong and having a capital (in stock or shares) for the time
                    being issued of not less than $4,000,000 (of which not less than $1,600,000
                    shall have been paid up in cash) may with the consent of the Chief Executive be
                    registered as a trust
company:
Provided that the Chief
                    Executive shall not give such consent unless he is satisfied that the extent and
                    nature of the company’s business
                    in
                    Hong Kong is sufficient to justify such special registration.
(Amended
9 of 1993 s. 7
)
(2)
Consent of the Chief Executive under subsection (1) shall be notified to the
                Registrar of Companies who shall register the company in the register prescribed by
section 79
, issue to it a certificate that the company is registered
                as a trust company, and publish notice thereof in the Gazette for 4 consecutive
                weeks next following such issue.
(3)
The provisions of
sections 77
,
78
,
80
,
81
,
91
,
92
,
93
,
96
and
100
shall not apply to such company or to such registration, but
                subject to such exceptions and to the provisions of the succeeding section the said
                company shall be invested with all the powers, privileges and immunities and shall
                be subject to all the liabilities imposed by this Part.