Code of Practice Chapter FMI-1 Resolution Planning Continuity of Access to Financial Market Infrastructure Services

Resolution Office 處 置機制 辦 公 室 Our Ref: B9/213/7C-240215-1 15 February 2024 The Chief Executive All Authorized Institutions Dear Sir / Madam, Code of Practice chapter FMI-1 “Resolution Planning – Continuity of Access to Financial Market Infrastructure Services” issued under the Financial Institutions (Resolution) Ordinance (Cap. 628) (“FIRO”) I am writing to inform you that, following consultation with the industry, today the Monetary Authority (“MA”) is issuing FMI-1 “Resolution Planning – Continuity of Access to Financial Market Infrastructure Services”, a new chapter of the Code of Practice pursuant to section 196 of the FIRO. The chapter FMI-1 sets out the MA’s expectations in relation to the ex-ante capabilities and arrangements an authorized institution should put in place to maintain, in a resolution scenario, the continuity of access to critical financial market infrastructure services. Comments received during the industry consultation have been incorporated as appropriate. On-line access to the chapter FMI-1 is available on the HKMA’s public website (https://www.hkma.gov.hk/eng/regulatory-resources/regulatory-guides/code-of￾practice/) and the Supervisory Communication Website (https://www.stet.iclnet.hk).

2 Should you have any questions, please contact Ms Roundy Wang (rywang@hkma.gov.hk) or Mr Victor Puk (vywpuk@hkma.gov.hk) of the Resolution Office. Yours faithfully, Arthur Yeung Head (Resolution Office) Encl. cc: The Chairperson, The Hong Kong Association of Banks The Chairperson, The DTC Association FSTB (Attn: Ms Almaz Leung)