Regulatory Alerts2026-02-27
Added · Updated
Guide to Authorization Chapter 6 Powers of Control over Authorized Institutions
The Hong Kong Monetary Authority issues this guide to outline its powers under Section 52 of the Ordinance to intervene in authorized institutions facing financial difficulties or regulatory breaches. The MA may exercise control measures including issuing requirements to restrict business activities, appointing an Advisor for management support, or installing a Manager to assume direct control of the institution's affairs. These interventions aim to protect depositors and creditors while maintaining banking sector stability, potentially leading to a court-ordered winding-up if reported to the Chief Executive in Council.
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