Regulatory Alerts2024-10-24
Added · Updated
Revised Standard LAC Disclosure Template and Updated Code of Practice Chapter LAC-1 Resolution Planning LAC Requirements
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 Interconnected Institutions. The document introduces a revised standard disclosure template and provides marked-up versions to highlight changes in the regulatory expectations for liquidity and funding in resolution. These updates apply to all Authorized Institutions and aim to enhance the clarity and consistency of resolution planning disclosures.
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