Regulatory Alerts2023-11-17
Added · Updated
Supervisory Policy Manual CR-S-4: New Share Subscription and Share Margin Financing
The Hong Kong Monetary Authority issues this statutory guideline to establish minimum standards for Authorized Institutions participating in Initial Public Offerings or providing share margin financing. The document outlines critical risks including credit, operational, and liquidity exposures, while mandating robust policies for IPO share subscription, designated bank roles, and collateral management. It requires AIs to implement adequate internal controls, risk monitoring systems, and contingency plans to ensure prudent management of these activities.
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