Regulatory Alerts2012-05-21
Added · Updated
Licensing Condition in relation to the establishment of the Financial Dispute Resolution Centre Limited (FDRC)
The Hong Kong Monetary Authority issued this circular on 21 May 2012 to impose a licensing condition on all authorized institutions regarding the establishment of the Financial Dispute Resolution Centre Limited. This directive mandates compliance with the regulatory framework necessary for the operational launch of the FDRC. The document serves as a formal notification to ensure that financial institutions adhere to the specified authorization requirements during this transitional period.
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