Regulatory Alerts2019-10-29
Added · Updated
Consumer Protection Measures of Authorized Institutions in respect of Open Application Programming Interface Framework
The Hong Kong Monetary Authority issued this circular to establish consumer protection measures for authorized institutions implementing open application programming interface frameworks. The document outlines specific conduct requirements and safeguards to ensure the security and integrity of customer data and transactions within the open API ecosystem. It mandates that authorized institutions adhere to strict operational standards to mitigate risks associated with third-party integrations and digital service delivery.
CIR
Current
Issue Date:
29 Oct 2019
20191029-1-EN.pdf (119.4 KB)
Topic:
Banking Conduct & Enforcement - Consumer Protection
Fintech - Open API
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
CIR
Current
07 Aug 2015
Engagement of Intermediaries and Sales Agents by Authorized Institutions (AIs)
Directly related Document
CIR
Current
07 Aug 2015
Engagement of Intermediaries and Sales Agents by Authorized Institutions (AIs)
Version History
Superseded Document
You may also be interested in
CIR
Current
19 Aug 2024
Consumer Protection in respect of Use of Generative Artificial Intelligence
CPR
Archive
11 Jan 2018
Consultation Paper on Open API Framework for the Hong Kong Banking Sector
CIR
Current
10 Apr 2024
Joint Circular on Anti-Scam Consumer Protection Charter 2.0