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 Licensed Authorized Institutions. The document introduces a revised standard Liquidity and Funding in Resolution (LAC) disclosure template, specifically Annex 1 Template CCA(A), to standardize reporting obligations. It also provides a marked-up version of the updated Code of Practice chapter LAC-1 to clearly highlight the changes made to the regulatory framework.
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