Cryptoassets standard: gazettal of revised SPM modules and code of practice

HONG KONG MONETARY AUTHORITY 香港金融管理局 Banking Policy Department Our Ref: B1/15C B 1/21 C B9/188C B9/196C 19 December 2025 The Chief Executive All Authorized Institutions Dear Sir/Madam, Cryptoassets standard: gazettal of revised SPM modules and code of practice I am writing to inform you that the Moneta鑼 Authority issues by notice in the Gazette today eight revised Superviso零 Policy Manual ("SPM") modules as statuto塄 guidelines under (where applicable) section 7(3) or 16(10) of the Banking Ordinance ("BO") as well as a revised code of practice under section 97M(l) of the BO: CA-G- 1 "Overview of Capital Adequacy Regime for Locally Incorporated Authorized Institutions"; CA-G-5 "Superviso鑼 Review Process"; CR-G-8 "Large Exposures and Risk Concentrations"; CR-G-9 "Exposures to Connected Parties"; CR-L-5 "Major Acquisitions and Investments: BELR Part 3"; LM- 1 "Regulato粵 Framework for Supervision of Liquidity Risk"; MR-i "Market Risk Capital Charge"; MR-2 "CVA Risk Capital Charge"; and Banking (Exposure Limits) Code. The proposed revisions to the SPM modules and code of practice are primarily to cater for the local implementation of the Base! Committee's standard on the prudential treatment of banks' c塄ptoasset exposures as set out in the Banking (Capita!) (Amendment) Rules 2025, as well as the consequential and other amendments as set out in the Banking (Exposure Limits) (Amendment) Rules 2025. 55th Floor, Two International Finance Centre S Finance Street, Central, I-long Kong \Vebsite: www.hkma.gov.hk 香港中環金融街8 號國際金融中心2 期55樓 網址：飞vww.hkrna.gov. hk

2 The revised SPM modules and code of practice will take effect on 1 Janua塄 2026. They can be accessed at the HKMA 's Banking Regulato塄 Document Reposito鑼 accessible through the public websitel or the Supervisory Communication Website2. Yours 魚ith魚ily, Donald Chen Executive Director (Banking Policy) Endl cc: The Chairperson, The Hong Kong Association of Banks The Chairperson, The DTC Association FSTB (Attn: Mr Timothy Wong) https://brdr.hkma.gov.h灯eng/main https://brdr.stet.iclnet.hk/eng/main