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 this Code of Practice under the Financial Institutions (Resolution) Ordinance to ensure Authorized Institutions maintain continuity of access to Financial Market Infrastructure services during resolution. The document establishes specific resolution planning requirements for all Authorized Institutions to mitigate operational risks and preserve critical market functions. It mandates that institutions implement robust strategies to sustain essential services even when facing financial distress or regulatory intervention.
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