GUIDANCE FOR LICENSING APPLICATIONS

• Credit Institutions (including Banks)
• Finance Companies
• Financial Intermediaries and Other Financial Institutions₁
• Money Changers (including Money Exchange Counters)
• Cash Remittance Companies

APPLICATIONS ARE TO BE SUBMITTED TO:

The Banking Supervision Department
Monetary Authority of Macao
Calçada do Gaio,
n.^os 24 e 26,
Macao

Email:
Phone: +853 28568856
Fax: +853 28301132

Contents

Part A. Overview of Licensing Regime

Part B. Application Procedures

Part C. Licensing Requirements / Criteria and Information to be provided in the Applications

1. Incorporation of a credit institution
2. Opening of a branch in Macao by credit institution incorporated overseas
3. Setting up of a subsidiary or opening of a branch / representative office overseas by credit institution incorporated in Macao
4. Incorporation of a finance company
5. Setting up of a financial intermediary or other financial institution
6. Incorporation of a money changer or the engagement of money exchange activities by specific entity
7. Incorporation of a cash remittance company

Part D. Supplementary Information Requirements for Stored Value Card

₁Excluding financial institutions that transact insurance activities and/or manage private pension funds