Regulatory Alerts2021-07-20
Added · Updated
Supervisory Policy Manual CS-1: Group-wide Approach to Supervision of Locally Incorporated Authorized Institutions
The Hong Kong Monetary Authority issued Supervisory Policy Manual CS-1 to establish a group-wide supervisory framework for locally incorporated authorized institutions. This policy mandates comprehensive oversight of the entire corporate group structure to ensure effective risk management and regulatory compliance across all entities. It replaces previous guidance to align supervisory practices with modern consolidated supervision standards and international best practices.
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