Regulatory Alerts1989-03-08
Added · Updated
Guideline 1.1: Authorization - Three-Tier Banking System
The Hong Kong Monetary Authority issued Guideline 1.1 on March 8, 1989, to establish the regulatory framework for the three-tier banking system. This document defines the authorization criteria and operational requirements for licensed banks, restricted license banks, and deposit-taking companies. It serves as the foundational guideline for all authorized institutions regarding their classification and compliance obligations under the local banking regime.
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