Regulatory Alerts2020-11-16
Added · Updated
New Return of Consolidated Accounts and revised submission deadlines for selected returns
The Hong Kong Monetary Authority has introduced a new Return of Consolidated Accounts and revised submission deadlines for several existing regulatory returns to enhance supervisory monitoring. Locally incorporated licensed banks with banking subsidiaries must submit the new Return starting with the December 2021 reporting position, with an initial six-week submission window that reduces to one month thereafter. The revised deadlines for other key returns will take effect starting from the March 2022 reporting position following consultation with industry associations.
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