Regulatory Alerts2023-12-01
Added · Updated
Maintaining Trading in Hong Kong Securities and Derivatives Markets under Severe Weather Conditions
The Hong Kong Monetary Authority (HKMA) directs authorized institutions to commence planning and preparation work to support the initiative for maintaining market trading during severe weather. This requirement aims to enhance Hong Kong's competitiveness as a financial center by aligning with Hong Kong Exchanges and Clearing Limited's proposals for remote banking services and continued electronic settlement. Institutions are advised to identify necessary system enhancements, study upcoming technical guidelines from the Hong Kong Interbank Clearing Limited, and prepare for simulation tests to ensure operational readiness.
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