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 document provides a specific reporting template that institutions must use to evaluate and report their adherence to the regulatory standards. This requirement ensures that banks systematically verify their operational practices against the established code of conduct.
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