RegAlert

Rule · HKMA · 29 May 2020

Banking (Capital) (Amendment) Rules 2020

capital

The Hong Kong Monetary Authority issued this letter to confirm that the negative vetting period for the Banking (Capital) (Amendment) Rules 2020 has expired. The regulatory changes are scheduled to come into operation on 30 June 2021. This notification serves as the final procedural step following the initial proposal dated 24 April 2020.

Hong KongHong Kong Monetary Authority

Banking Policy Department
Our Ref: B1/15C
B9/75C
29 May 2020
The Chief Executive
All Authorized Institutions
Dear Sir / Madam,
Banking (Capital) (Amendment) Rules 2020 Further to our letter of 24 April 2020, I am writing to inform you that the negative vetting by the Legislative Council of the Banking (Capital) (Amendment) Rules 2020 (“BCAR”) has now expired. The BCAR will come into operation on 30 June 2021. Yours faithfully, Daryl Ho Executive Director (Banking Policy) cc: The Chairperson, The Hong Kong Association of Banks The Chairperson, The DTC Association FSTB (Attn: Ms Eureka Cheung)

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