Regulatory Alerts2024-10-24
Added · Updated
Revised Standard LAC Disclosure Template and Updated Code of Practice Chapter LAC-1
The Hong Kong Monetary Authority issued a revised standard LAC disclosure template, Template CCA(A), and an updated Code of Practice chapter LAC-1 to align with recent regulatory changes. Template CCA(A) incorporates consequential updates to Table CCA under the Banking (Disclosure) Rules to enhance clarity for resolution entities and material subsidiaries. Both documents take effect concurrently on 1 January 2025 and require use for reporting periods ending on or after that date.
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