Regulatory Alerts2021-05-12
Added · Updated
Completion Instructions for Returns of Assets and Liabilities Forms MA(BS)1, MA(BS)1A, and MA(BS)1B
These completion instructions specify the reporting requirements for Forms MA(BS)1, MA(BS)1A, and MA(BS)1B, which cover the positions of Hong Kong offices, overseas branches, and combined positions of locally incorporated institutions. Authorized institutions must submit Form MA(BS)1 monthly within 14 days, Form MA(BS)1A half-yearly within one month after June 30 and December 31, and Form MA(BS)1B quarterly within six weeks after the end of each quarter. The document mandates the use of book value on an accrual basis, requires amounts to be rounded to the nearest thousand HK$, and defines residency, connected institutions, and specific accounting treatments for items such as capital, deposits, loans, and negotiable debt instruments.
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