Regulatory Alerts2026-07-10
Added · Updated
Increase in Licence Fees under the Banking Ordinance
The Hong Kong Monetary Authority issued this circular to inform authorized institutions and approved money brokers of a legislative amendment to the Banking Ordinance. The Legislative Council passed a resolution on 8 July 2026 to increase specific licence fees payable under various sections of the Ordinance. The amended Second Schedule containing the new fee structure was published in the Gazette and became effective on 10 July 2026.
55th Floor, Two International Finance Centre, 香 港 中 環 金 融 街 8 號 國 際 金 融 中 心 2 期 55 樓 8 Finance Street, Central, Hong Kong 網 址：www.hkma.gov.hk Website: www.hkma.gov.hk Our ref : B1/2S 10 July 2026 The Chief Executive All Authorized Institutions The Chief Representative All Local Representative Offices The Chief Executive All Approved Money Brokers Dear Sir / Madam, Licence Fees I am writing to draw your attention that the resolution introduced by the Government to amend the Second Schedule to the Banking Ordinance (Cap. 155) (the “Ordinance”) to increase part of the fees payable under sections 19(1) to (2), 20(5), 45(1) to (3), 48(1) to (4), 51(1) to (2) and 118F(1) to (2) of the Ordinance was passed by the Legislative Council under section 135(2) of the Ordinance on 8 July 2026. The above-mentioned resolution has been published in the Gazette today (10 July 2026) and the amended Second Schedule (Annex) will become effective on the same date.
- 2 - If you have any questions on this circular, please contact Ms Shirley Ho on 2878-1847 or Mr Ian Au on 2878-1290. Yours faithfully, Kenneth Hui Executive Director (Banking Conduct) Encl. c.c. Secretary for Financial Services and the Treasury (Attn:Mr Timothy Wong)