Regulatory Alerts2026-04-28
Added · Updated
Consultation on Revised SPM Modules CR-S-5, RR-1, and SR-1
The Hong Kong Monetary Authority issues a consultation on revised Supervisory Policy Manual modules CR-S-5, RR-1, and SR-1 to provide guidance to Authorized Institutions on managing credit card business risks. The document outlines major risks including credit, operational, liquidity, and legal exposures, while detailing required controls for board oversight, account solicitation, and portfolio management. It also establishes best practices for merchant acquiring, provisioning, and compliance with consumer protection standards such as the Code of Banking Practice.
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