Regulatory Alerts2018-07-09
Added · Updated
Revised Return of Certificate of Compliance with the Banking Ordinance (Form MA(BS)1F(a))
The Hong Kong Monetary Authority issued this revised form to require Authorized Institutions incorporated in Hong Kong to certify their compliance with the Banking Ordinance on a quarterly basis. The document mandates the disclosure of capital base details, specific contraventions of sections 80, 81, 83, 85, 87A, 88, 119A, and related exposure and liquidity rules. It further requires institutions to report maximum financial exposures to single persons, unsecured facilities to directors, equity exposures, interests in land, and the status of assets under charge or exempted transactions.
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