Regulatory Alerts2019-07-05
Added · Updated
Certificate of Compliance with the Banking Ordinance for Authorized Institutions
The Hong Kong Monetary Authority requires authorized institutions incorporated in Hong Kong to submit this quarterly Certificate of Compliance with the Banking Ordinance within 14 days after the end of each quarter. The form mandates detailed reporting on capital adequacy, contraventions of exposure limits under the Banking (Capital) Rules, and specific maximum exposures related to connected parties and land. It further requires disclosure of assets under charge, exempted transactions, and approved acquisitions of capital interests or land.
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