Regulatory Alerts2001-02-16
Added · Updated
Guidelines on Capital Adequacy and Provisioning Requirements for Investment Guarantees under Mandatory Provident Fund Schemes
The Hong Kong Monetary Authority issued guidelines requiring authorized institutions acting as guarantors for Mandatory Provident Fund schemes to maintain adequate capital and provisions for investment guarantee risks. These rules mandate that institutions calculate specific provisioning amounts and capital charges to cover potential shortfalls in guaranteed investment returns. Institutions must adopt these minimum standards and seek regulatory approval before using internal models to determine such charges.
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