Regulatory Alerts2024-02-08
Added · Updated
Rules on Basel III final package and related updates
The Hong Kong Monetary Authority issued this letter to confirm that the negative vetting period for four banking amendment rules has expired without extension. The Banking (Capital) (Amendment) Rules 2023 and Banking (Exposure Limits) (Amendment) Rules 2023 will come into operation on 1 April 2024 for specific provisions, while other provisions and the Banking (Disclosure) (Amendment) Rules 2023 and Banking (Liquidity) (Amendment) Rules 2023 are scheduled for 1 January 2025. These dates establish the implementation timeline for the Basel III final package and related regulatory updates in Hong Kong.
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