Regulatory Alerts2025-12-31
Added · Updated
Self-Assessment of Compliance with the Code of Banking Practice 2025
The Hong Kong Monetary Authority requires reporting institutions to conduct a self-assessment of their compliance with the Code of Banking Practice for the period from 10 December 2024 to 31 December 2025. Institutions must complete specific worksheets covering policies, procedures, and compliance status for both the main entity and its subsidiaries, submitting the results via the Common Submission Platform by 31 March 2026. The process mandates that the assessment be endorsed by the relevant department head and approved by the Chief Executive, with negative responses requiring detailed action plans and incident reporting.
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