Regulatory Alerts2021-09-30
Added · Updated
Publication of Hong Kong Jurisdictional Module to the ISDA Resolution Stay Jurisdictional Modular Protocol
The Hong Kong Monetary Authority informed authorized institutions that the International Swaps and Derivatives Association published a Hong Kong Jurisdictional Module to the ISDA Resolution Stay Jurisdictional Modular Protocol on 24 September 2021. This module is designed to facilitate compliance with the Financial Institutions (Resolution) (Contractual Recognition of Suspension of Termination Rights—Banking Sector) Rules. The HKMA welcomed this addition as a mechanism to support the regulatory framework for financial institution resolution in the banking sector.
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