Regulatory Alerts2021-03-04
Added · Updated
Further extension of the Pre-approved Principal Payment Holiday Scheme
The Hong Kong Monetary Authority issued this circular on March 4, 2021, to further extend the Pre-approved Principal Payment Holiday Scheme for corporate customers. This regulatory update builds upon previous extensions from April and September 2020 to provide continued relief for authorized institutions managing credit risk during the ongoing Covid-19 pandemic. The document serves as the current governing framework for this specific credit risk management measure affecting all authorized institutions.
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