Regulatory Alerts2026-02-27
Added · Updated
Guideline on Specific Consent to Use Banking Names and Descriptions
The Hong Kong Monetary Authority issues this guideline to regulate the granting of specific consents under section 97(1) of the Banking Ordinance for non-bank entities to use banking names or descriptions. The Authority prioritizes preventing public misleading regarding banking status, explicitly rejecting clearly deceptive terms like 'ebank' while considering business nature and parent company branding in borderline cases. Applicants must submit detailed information to the Licensing Team, and any granted consent is subject to strict conditions including activity restrictions and ongoing reporting obligations.
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