Rule · HKMA · 15 Aug 2025

Rules on cryptoassets standard and other updates

The Hong Kong Monetary Authority informs authorized institutions that the negative vetting period for the Banking (Capital), (Disclosure), and (Exposure Limits) (Amendment) Rules 2025 has expired without extension. These amendments, which implement the cryptoassets standard and other regulatory updates, are scheduled to come into operation on 1 January 2026. The directive serves as formal notification following the initial correspondence sent on 11 July 2025 regarding the legislative timeline.

Hong KongHong Kong Monetary Authority

55th Floor, Two International Finance Centre, 香港中環金融街 8 號國際金融中心 2 期 55 樓 8 Finance Street, Central, Hong Kong 網址：www.hkma.gov.hk Website: www.hkma.gov.hk Banking Policy Department Our Ref: B1/15C, B9/75C, B9/151C, B9/188C 15 August 2025 The Chief Executive All Authorized Institutions Dear Sir/Madam, Rules on cryptoassets standard and other updates Further to our letter of 11 July 2025, I write to inform you that the 28-day period for the negative vetting of the following rules by the Legislative Council has expired without extension:

Banking (Capital) (Amendment) Rules 2025;
Banking (Disclosure) (Amendment) Rules 2025; and
Banking (Exposure Limits) (Amendment) Rules 2025.
As mentioned in the letter, the rules will come into operation on 1 January 2026. Yours faithfully, Donald Chen Executive Director (Banking Policy) cc: The Chairperson, The Hong Kong Association of Banks

2
The Chairperson, The DTC Association
FSTB (Attn: Mr Timothy Wong)

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Lineage: No known changes

RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it

The links and the sentences they come from (1)

Amends

Banking (Capital) (Amendment) Rules 2025Not in RegAlert
“the 28-day period for the negative vetting of the following rules by the Legislative Council has expired without extension: - Banking (Capital) (Amendment) Rules 2025;”