Regulatory Alerts2014-12-24
Added · Updated
Completion Instructions for Certificate of Compliance with the Banking Ordinance for Authorized Institutions Incorporated Outside Hong Kong
The Hong Kong Monetary Authority issued completion instructions for Form MA(BS)1F(b), requiring authorized institutions incorporated outside Hong Kong to certify their compliance with specific sections of the Banking Ordinance and related liquidity rules. These institutions must submit the certificate within 14 days after the end of each quarter, reporting on their adherence to minimum liquidity requirements such as the Liquidity Coverage Ratio or Liquidity Maintenance Ratio. The form also mandates a declaration regarding contraventions of disclosure rules under section 60A(1), with specific guidance on how to indicate compliance or exemptions based on the institution's most recent disclosure statement.
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