Banking (Disclosure) (Amendment) Rules 2018 and Banking (Specification of Multilateral Development Bank) (Amendment) Notice 2018

Banking Policy Department
Our Ref: B1/15C
B9/75C
B9/151C
7 June 2018
The Chief Executive
All Authorized Institutions
Dear Sir/Madam,
Banking (Disclosure) (Amendment) Rules 2018 and Banking (Specification of Multilateral Development Bank) (Amendment) Notice 2018 Further to our letter of 4 May 2018, I write to inform you that the negative vetting by the Legislative Council of the Banking (Disclosure) (Amendment) Rules 2018 (“BDAR 2018”) and the Banking (Specification of Multilateral Development Bank) (Amendment) Notice 2018 (“the Amendment Notice”) has now expired. As a result, the BDAR 2018 and the Amendment Notice will come into operation on 30 June 20181 . Yours faithfully, Daryl Ho Executive Director (Banking Policy) cc: The Chairperson, The Hong Kong Association of Banks The Chairman, The DTC Association FSTB (Attn: Ms Eureka Cheung) 1 The BDAR 2018 will first apply to an authorized institution concerning the required disclosures of its interim reporting period (and of its quarterly reporting period which ends on the same date as its interim reporting period) in relation to its 2018 financial year.