Regulatory Alerts2018-07-09
Added · Updated
Banking (Exposure Limits) Rules and Revised Return of Certificate of Compliance (Form MA(BS)1F(a))
The Hong Kong Monetary Authority announces that the Banking (Exposure Limits) Rules will come into operation on 13 July 2018, primarily replacing the equity exposure limit under section 87 of the Banking Ordinance. The Authority also issues revised statutory reporting forms and completion instructions to update obsolete references and add a new Tier 1 capital reporting field, requiring all authorized institutions to use them for the September 2018 reporting period. Specific expedient reporting arrangements are provided to address compliance assessment changes for institutions switching to the new rules immediately, while those opting for a January 2019 start date will receive separate notifications.
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