Regulatory Alerts2026-02-27
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Guide to Authorization - Chapter 1 - Introduction
The Hong Kong Monetary Authority issues this guide to outline its legal powers and supervisory policies under the Banking Ordinance, the Financial Institutions Resolution Ordinance, and the Payment Systems and Stored Value Facilities Ordinance. It defines the MA's role in authorizing banking entities, managing financial stability, and regulating stored value facilities and retail payment systems. The document serves as a reference for both prospective and existing authorized institutions regarding authorization criteria, revocation grounds, and specific frameworks for virtual banks and money brokers.
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