Regulatory Alerts2019-10-03
Added · Updated
BELR Rule 37(3) - Premises in whole treated as being used for conducting banking business
The Monetary Authority of Hong Kong issued this directive to confirm consent for authorized institutions to treat specific premises as wholly used for banking business under BELR Rule 37(3). The rule permits head offices and one main office to be fully treated as banking premises regardless of mixed-use proportions, while other offices qualify only if at least 50% of their floor area is used for banking. Any remaining offices and premises used for employee housing or amenities must be allocated based on the actual percentage of floor area utilized for banking purposes.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share