Regulatory Alerts2024-02-15
Added · Updated
Code of Practice: Resolution Planning – Continuity of Access to Financial Market Infrastructure Services
The Hong Kong Monetary Authority issued this Code of Practice chapter to require authorized institutions to maintain continuity of access to critical financial market infrastructure services during resolution. Institutions must identify critical service providers, assess contractual requirements for maintaining access under stress, and develop ex-ante measures including contingency plans to prevent resolution impediments. Failure to meet these expectations may result in the MA identifying significant impediments to orderly resolution and directing structural or operational changes to mitigate them.
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