Regulatory Alerts2005-07-29
Added · Updated
Impact of the New Hong Kong Accounting Standards - Regulatory Reserve
The Hong Kong Monetary Authority issued this circular to address the impact of the New Hong Kong Accounting Standards on authorized institutions' capital base and regulatory reporting. It references previous reviews and enclosures detailing how these accounting changes affect interim financial disclosure and capital adequacy calculations. The document serves as a regulatory reserve to guide institutions through the transition and compliance requirements associated with the new standards.
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