Regulatory Alerts2024-09-26
Added · Updated
Certificate of Compliance with the Banking Ordinance for Authorized Institutions Incorporated Outside Hong Kong
The Monetary Authority requires authorized institutions incorporated outside Hong Kong to submit a Certificate of Compliance with the Banking Ordinance quarterly. The form mandates certification of accuracy and disclosure of any contraventions regarding advances against shares, employee financial facilities, liquidity requirements, and other specific rules. Submissions must be filed within 14 days after the end of each quarter by the Chief Accountant and Chief Executive.
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