Regulatory Alerts2024-10-24
Added · Updated
Revised Standard LAC Disclosure Template and Updated Code of Practice Chapter LAC-1 Resolution Planning
The Hong Kong Monetary Authority issued this circular on 24 October 2024 to update the Code of Practice chapter LAC-1 regarding resolution planning requirements for Large and Complex institutions. The document introduces a revised standard disclosure template and incorporates marked-up versions of annexes to facilitate compliance with the updated regulatory expectations. These changes apply to all Authorized Institutions and aim to enhance the clarity and consistency of resolution planning disclosures within the Hong Kong financial sector.
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