New Supervisory Policy Manual Module MB-1 on Risk-based Supervision of Approved Money Brokers

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.: B4/7C 15 November 2024 By email The Chief Executive All Approved Money Brokers Dear Sir/Madam, New Supervisory Policy Manual (SPM) Module MB-1 on “Risk-based Supervision of Approved Money Brokers” I am writing to inform you that, following consultation with the Hong Kong Inter￾Dealer Brokers Association and all approved money brokers (AMBs), the Monetary Authority issues today, by notice in the Gazette, a new SPM module on “Risk-based Supervision of Approved Money Brokers” as a statutory guideline under section 118C(7) of the Banking Ordinance (BO). The new SPM module primarily codifies the existing requirements and expected standards on AMBs, including those from the “Code of Conduct and Practice” issued by the Treasury Markets Association as well as the Minimum Criteria for Approval as Money Broker in the Eleventh Schedule to the BO. It also elaborates on the risk-based approach of the Hong Kong Monetary Authority (HKMA) to the supervision of AMBs. The SPM module shall become effective today.

The new SPM module is available online on the HKMA’s public website (https://www.hkma.gov.hk/eng/regulatory-resources/regulatory￾guides/supervisory-policy-manual/).

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Should you have any questions regarding the new SPM module, please contact Mr Ivan Lam at (852) 2878-1470 or Ms Teresa Chu at (852) 2878-1563 or by email at moneybrokers@hkma.gov.hk. Yours faithfully, Alan Au Executive Director (Banking Conduct) Encl. cc:
The Chairman, Hong Kong Inter-Dealer Brokers Association Secretary for Financial Services and the Treasury (Attn: Mr Justin To)