Regulatory Alerts2019-07-05
Added · Updated
Completion Instructions for Certificate of Compliance with the Banking Ordinance Form MA(BS)1F(a)
The Hong Kong Monetary Authority issues completion instructions for Form MA(BS)1F(a), requiring authorized institutions to certify compliance with the Banking Ordinance and Banking (Exposure Limits) Rules. The form mandates quarterly reporting of Tier 1 capital, exposure limits, liquidity ratios, and details on assets under charge or exempted transactions. Institutions must submit these certificates within 14 days after each quarter-end, ensuring accurate calculation of exposures and adherence to specified consolidation bases.
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