Regulatory Alerts2021-12-22
Added · Updated
Code of Practice Chapter ST-1 on Contractual Recognition of Suspension of Termination Rights issued under the Financial Institutions (Resolution) Ordinance
The Hong Kong Monetary Authority issued Code of Practice Chapter ST-1 to provide guidance on the operation of contractual recognition of suspension of termination rights under the Financial Institutions (Resolution) Ordinance. This new chapter addresses comments received during industry consultation and aligns with the Financial Institutions (Resolution) (Contractual Recognition of Suspension of Termination Rights – Banking Sector) Rules. The document is available for online access via the HKMA public website and the Supervisory Communication Website.
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