Region

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Regulator

2021-12-22

Added 2026-06-21 · Updated 2026-07-10

Code of Practice Chapter ST-1 on Contractual Recognition of Suspension of Termination Rights

The Hong Kong Monetary Authority issued Code of Practice Chapter ST-1 under the Financial Institutions (Resolution) Ordinance to establish standards for the contractual recognition of suspension of termination rights. This regulation requires authorized institutions to incorporate specific contractual provisions that allow for the temporary suspension of termination rights during resolution proceedings. The measure aims to support financial stability by ensuring that critical contracts remain intact to facilitate the orderly resolution of failing financial institutions.

Hong Kong

Hong Kong Monetary Authority

COP

Current

Issue Date:

22 Dec 2021

20211222-11-EN.pdf (905.4 KB)

Topic:

Resolution - Resolution planning

Resolution - Resolution standards

Keyword:

Group:

All Authorized Institutions

Directly related Document

Cross referenced Document

Version History

Superseded Document

Directly related Document

CIR

Current

22 Dec 2021

Code of Practice Chapter ST-1 on Contractual Recognition of Suspension of Termination Rights issued under the Financial Institutions (Resolution) Ordinance (Cap. 628) (“FIRO”)

GLI