Regulatory Alerts2024-07-04
Added · Updated
Self-Assessment of Compliance with Supervisory Policy Manual Module TB-1 Regulation and Supervision of Trust Business
The Hong Kong Monetary Authority issued this circular on July 4, 2024, requiring all authorized institutions to conduct a self-assessment of their compliance with Supervisory Policy Manual Module TB-1. The document mandates that institutions evaluate their adherence to the regulation and supervision standards for trust business operations. It includes an annex detailing instances of partial compliance with the general principles of the relevant code to guide the assessment process.
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