Regulatory Alerts2024-10-24
Added · Updated
Revised Standard LAC Disclosure Template and Updated Code of Practice Chapter LAC-1 Resolution Planning
The Monetary Authority mandates the use of the CCA(A) template for resolution entities and material subsidiaries to disclose the main features of regulatory capital and non-capital LAC debt instruments. This semi-annual reporting requirement covers qualitative and quantitative data, including instrument type, eligibility, coupon structures, conversion triggers, and write-down mechanisms. Entities must update disclosures upon any issuance, repayment, or material change and ensure full terms are available on their websites.
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