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 issued these amendments to update regulatory frameworks for authorized institutions regarding disclosure and exempted charges. The rules implement Pillar 3 disclosure requirements and address margining and risk-mitigation standards for over-the-counter derivatives transactions. These measures ensure compliance with international standards for non-centrally cleared derivatives while specifying classes of exempted charges for banking institutions.
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