Regulatory Alerts2018-03-22
Added · Updated
Reminder of Operating Arrangements for the Convertibility Undertaking
The Hong Kong Monetary Authority issued this circular to remind all licensed banks in Hong Kong, including their overseas offices, of the operating arrangements for the Convertibility Undertaking. The detailed procedures are defined in a previous circular dated 28 July 2005, and banks are instructed to communicate these arrangements to relevant overseas offices intending to utilize the undertaking. Enquiries regarding the matter may be directed to the HKMA at the provided contact number.
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