Regulatory Alerts2017-03-02
Added · Updated
Banking (Disclosure) (Amendment) Rules 2016 and Banking (Specification of Class of Exempted Charges) (Amendment) Notice 2016
The Hong Kong Monetary Authority informs authorized institutions that the negative vetting period for the Banking (Disclosure) (Amendment) Rules 2016 and the Banking (Specification of Class of Exempted Charges) (Amendment) Notice 2016 has expired, bringing them into operation on 3 and 31 March 2017 respectively. To accommodate the new class of exempted charges, the Certificate of Compliance with the Banking Ordinance return and its completion instructions have been revised following industry consultation. Locally incorporated authorized institutions are required to use the revised electronic return for the reporting period ending 31 March 2017, with the updated files available for download from the HKMA website.
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