Regulatory Alerts2002-05-14
Added · Updated
HKMA Circular on Personal Data (Privacy) Ordinance Compliance for Authorized Institutions
The Hong Kong Monetary Authority informs managers of authorized institutions that their personal data is collected to exercise supervisory functions under the Banking Ordinance and must be reported within 14 days of appointment or cessation. The circular outlines that data may be disclosed to local and overseas supervisors under specific secrecy provisions and grants individuals rights to access, correct, and inquire about their held data. It provides contact details for the Data Protection Officer to handle such requests and notes that the Authority may charge a reasonable fee for processing them.
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