Regulatory Alerts2024-10-24
Added · Updated
Revised Standard LAC Disclosure Template and Updated Code of Practice Chapter LAC-1 Resolution Planning LAC Requirements
The Monetary Authority of Hong Kong has issued a revised standard template for resolution entities and material subsidiaries to disclose the main features of their regulatory capital and non-capital loss-absorbing capacity instruments. This mandatory semi-annual reporting requirement covers qualitative and quantitative data, including instrument identifiers, regulatory treatment, coupon structures, and conversion or write-down triggers. Entities must update the disclosure upon any issuance, repayment, or material change to these instruments and provide web links to full terms and conditions.
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