Regulatory Alerts2023-05-02
Added · Updated
Regulation and Supervision of Trust Business
The Hong Kong Monetary Authority issued this circular on 2 May 2023 to update the regulatory framework for trust business conducted by authorized institutions. The document cross-references Supervisory Policy Manual Module TB-1, which establishes the standards for the regulation and supervision of trust activities. This update ensures that all authorized institutions comply with the latest supervisory expectations regarding trust business operations.
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