Regulatory Alerts2024-01-05
Added · Updated
Self-Assessment of Compliance with the Code of Banking Practice 2023
The Hong Kong Monetary Authority issued this circular on 5 January 2024 to require all Authorized Institutions to conduct a self-assessment of their compliance with the Code of Banking Practice 2023. The directive mandates the use of the specified reporting template provided in the enclosures to document and submit compliance findings. This regulatory action ensures that financial institutions adhere to established conduct standards and maintain transparency in their operational practices.
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