Banking Ordinance (Declaration under Section 2(14)(b)) Notice 2001
(Enacting provision omitted—E.R. 2 of 2018)
[28 December 2001]
(Format changes—E.R. 2 of 2018)
It is declared that a person is not a money broker for the purposes of the definition of money broker by reason only of his negotiating, arranging or facilitating, whether by electronic means or otherwise, any or both of the following—
the syndication of loans under which two or more persons provide credit or lend money to one or more other persons; or
the issue of debt securities.