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 general principles of the Code for the Regulation and Supervision of Trust Business. It serves as a formal directive for institutions to report on their operational alignment with current regulatory standards for trust activities.
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