Regulatory Alerts2024-02-15
Added · Updated
Code of Practice Chapter FMI-1 Resolution Planning Continuity of Access to Financial Market Infrastructure Services
The Hong Kong Monetary Authority issued Chapter FMI-1 of the Code of Practice under the Financial Institutions (Resolution) Ordinance to establish regulatory expectations for authorized institutions. This new chapter mandates that institutions implement ex-ante capabilities and arrangements to ensure the continuity of access to critical financial market infrastructure services during resolution scenarios. The final text incorporates feedback received during industry consultation and is available on the HKMA website and the Supervisory Communication Website.
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