Regulatory Alerts2018-02-27
Added · Updated
Completion Instructions for Certificate of Compliance with the Banking Ordinance (Form MA(BS)1F(a) and Form MA(BS)1F(b))
The Hong Kong Monetary Authority issues these completion instructions to guide authorized institutions incorporated in Hong Kong on submitting the Certificate of Compliance with the Banking Ordinance. The document mandates quarterly reporting of capital base, liquidity ratios, maximum exposures, and assets under charge, specifying distinct calculation methods for solo and consolidated bases. It further details the reporting requirements for exempted transactions and provides illustrative examples for calculating exposures covered by letters of comfort.
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