Regulatory Alerts2018-02-27
Added · Updated
Certificate of Compliance with the Banking Ordinance (Form MA(BS)1F(a) and Form MA(BS)1F(b))
The Hong Kong Monetary Authority issued updated Completion Instructions for the Certificate of Compliance with the Banking Ordinance to align with the implementation of the Net Stable Funding Ratio and Core Funding Ratio on 1 January 2018. Authorized Institutions are required to follow these revised instructions to complete the unchanged return templates starting from the first quarter of 2018 reporting period. This directive ensures that institutions certify their compliance with various statutory requirements, including the newly effective liquidity ratios.
Our Ref: B1/15C S4/16C 27 February 2018 The Chief Executive All Authorized Institutions Dear Sir/Madam, Certificate of Compliance with the Banking Ordinance (Form MA(BS)1F(a) and Form MA(BS)1F(b)) Following the implementation of the Net Stable Funding Ratio (NSFR) and Core Funding Ratio (CFR) from 1 January 2018, the Completion Instructions (CIs) for the captioned return have been updated as annexed. The revised CIs can also be downloaded from the HKMA’s supervisory communication website (http://www.stet.iclnet.hk). Authorized Institutions should follow the revised CIs to complete the return
templates (which remain unchanged) to certify their compliance with various statutory requirements, including the NSFR and CFR where applicable, starting
from the reporting period covering the first quarter of 2018.
Yours faithfully,
Daryl Ho
Executive Director (Banking Policy)
Encl
cc: The Chairperson, The Hong Kong Association of Banks The Chairman, The DTC Association FSTB (Attn: Ms Eureka Cheung)
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