Regulatory Alerts2024-02-15
Added · Updated
Code of Practice: Resolution Planning – Continuity of Access to Financial Market Infrastructure Services (FMI-1)
The Hong Kong Monetary Authority issued this Code of Practice under the Financial Institutions (Resolution) Ordinance to establish requirements for authorized institutions. It mandates that institutions maintain continuity of access to Financial Market Infrastructure services during resolution to mitigate systemic risks. The document outlines specific planning obligations to ensure critical operations remain uninterrupted in the event of institutional failure.
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