Regulatory Alerts2001-02-16
Added · Updated
Provisioning Requirements for Investment Guarantees under Mandatory Provident Fund Schemes
The Hong Kong Monetary Authority issues this statutory guideline to establish provisioning requirements for authorized institutions providing investment guarantees under Mandatory Provident Fund schemes. The document mandates that locally and overseas incorporated institutions maintain adequate provisions to cover expected losses and potential liabilities, calculated using HKMA-approved internal models. Additionally, authorized institutions must review these provisions quarterly and report related activities through the designated return framework.
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