Regulatory Alerts2010-10-25
Added · Updated
Representation on Non-protection of Offshore Deposits
The Monetary Authority of Hong Kong issued this circular on 25 October 2010 to address the representation regarding the non-protection of offshore deposits. This document supersedes previous guidelines on eligible deposits and clarifies the regulatory stance under the Banking Ordinance. It serves as a reference for all authorized institutions concerning the scope of deposit protection schemes.
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