Regulatory Alerts2024-06-14
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Licence Fees
The Hong Kong Monetary Authority issued a circular to notify authorized institutions of the Legislative Council's passage of a resolution to increase fees under the Banking Ordinance. The amended Second Schedule, which specifies new fee amounts for banking licenses, registrations, and branch establishments, was published in the Gazette on 14 June 2024. These increased fees became effective on the same date as the gazette publication.
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