Standard Chartered Merchant Bank Act 1983
WHEREAS—

(1) Standard Chartered Merchant Bank Limited (hereinafter referred to as "SCMB") and MAIBL PLC (hereinafter referred to as "MAIBL") are companies incorporated under the Companies Acts 1929 and 1948 respectively as companies limited by shares and are recognised banks for the purposes of the Banking Act 1979.

(2) MAIBL is a wholly-owned subsidiary of SCMB and SCMB is a wholly-owned subsidiary of Standard Chartered Bank PLC:

(3) For the better conduct of the businesses of SCMB and MA...