Regulatory Alerts2026-02-27
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Guide to Authorization Chapter 4: Authorization Minimum Criteria
The Monetary Authority of Hong Kong issues this guide to interpret the minimum licensing criteria for authorizing banking institutions under the Banking Ordinance. It details the assessment of home supervision adequacy, controller identity, and the fitness and propriety of directors, chief executives, and executive officers. The document establishes that these criteria are continuing and forward-looking, requiring case-by-case evaluation of managerial competence, integrity, and corporate governance standards.
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