Regulatory Alerts2024-09-26
Added · Updated
Certificate of Compliance with the Banking Ordinance - Completion Instructions
The Hong Kong Monetary Authority issues completion instructions for Form MA(BS)1F(a), requiring authorized institutions to certify compliance with the Banking Ordinance and Exposure Limits Rules. The document mandates quarterly submissions detailing Tier 1 capital, maximum exposures, assets under charge, and specific exemptions. It provides precise methodologies for calculating ratios and reporting contraventions across solo and consolidated bases.
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