Regulatory Alerts2018-02-27
Added · Updated
Completion Instructions for Certificate of Compliance with the Banking Ordinance of an Authorized Institution 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 and disclosure rules. Institutions must submit this certificate within 14 days after the end of each quarter, with deadlines deferring to the next working day if they fall on a public holiday. The form requires reporting on compliance with Liquidity Coverage Ratio, Net Stable Funding Ratio, Liquidity Maintenance Ratio, and Core Funding Ratio requirements, as well as indicating any contraventions of the Banking (Disclosure) Rules based on the most recent disclosure statement.
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