Regulatory Alerts2018-07-09
Added · Updated
Banking (Exposure Limits) Rules Expedient Reporting Arrangements for September 2018 Return
The Hong Kong Monetary Authority issued expedient reporting arrangements for authorized institutions complying with revised equity exposure limits starting 13 July 2018. Institutions must report compliance with the Banking Ordinance for the period before the change and equity exposures under the new Rules for the period after, while separately submitting a hard copy of the pre-revision form with specific historical data. This transitional guidance ensures accurate reporting of maximum aggregate shareholdings and other specified values during the transition from 1 July to 30 September 2018.
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