Regulatory Alerts2023-07-11
Added · Updated
Orderly exit from the Pre-approved Principal Payment Holiday Scheme
The Hong Kong Monetary Authority issued this circular on 11 July 2023 to announce the orderly exit from the Pre-approved Principal Payment Holiday Scheme for corporate customers. The document supersedes previous extensions and directs all authorized institutions to conclude the scheme in accordance with established regulatory guidelines. This action marks the final phase of the temporary relief measures introduced to address credit risk challenges during the pandemic.
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