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 a revised version of Supervisory Policy Manual CS-1 to align with current supervisory practices for locally incorporated authorized institutions within banking, financial, or commercial groups. The revision incorporates international standards for the supervision of financial conglomerates and addresses consequential changes from amendments to the Banking Ordinance and related rules. This guidance note serves as the primary regulatory framework for the group-wide supervision of these institutions.
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