Regulatory Alerts2026-02-27
Added · Updated
Guide to Authorization - Chapter 9 - Authorization of Digital Banks
The Hong Kong Monetary Authority issues this guide to establish the authorization principles for digital banks, defined as institutions delivering services primarily through electronic channels. Applicants must demonstrate substantial operational substance, maintain a local physical presence, and secure ownership by entities capable of providing strong financial and technological support. The regulator mandates rigorous standards for technology risk management, comprehensive business and exit plans, and strict customer protection measures to ensure sector stability and fair treatment.
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