Regulatory Alerts2024-09-26
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 of each quarter's end. The form mandates detailed reporting on Tier 1 capital, specific contraventions of exposure and liquidity rules, and maximum exposure figures for linked counterparty groups, connected parties, and land assets. It further requires disclosure of assets under charge, approved or exempted transactions, and specific capital interests acquired under Monetary Authority approvals.
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