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 implement a revised standard Liquidity and Funding in Resolution (LAC) disclosure template and update Code of Practice chapter LAC-1. These changes require all authorized institutions to adhere to the new template and updated resolution planning requirements to ensure consistent regulatory reporting. The document also includes marked-up versions of Annex 3 and Annex 4 to facilitate the transition to the revised standards.
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