Regulatory Alerts2002-05-14
Added · Updated
Banking (Amendment) Ordinance 2001 Annex IV: Explanatory Note on Legal Obligations of Managers of Authorized Institutions
The Hong Kong Monetary Authority issued this circular to clarify the legal obligations of managers of authorized institutions under the revised definition introduced by the Banking (Amendment) Ordinance 2001. The document outlines specific compliance and internal control requirements, including the notification procedures for appointing managers under Section 72B of the Banking Ordinance. It serves as a regulatory guide to ensure authorized institutions adhere to updated corporate governance standards and personal data privacy obligations.
Topics
governance
privacy
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