Supervisory Policy Manual Revised Module IC-7 – The Sharing and Use of Commercial Credit Data through a Commercial Credit Reference Agency

Our Ref: B9/60C 24 November 2017 The Chief Executive All Authorized Institutions Dear Sir / Madam, Supervisory Policy Manual (SPM) Revised Module IC-7 – The Sharing and Use of Commercial Credit Data through a Commercial Credit Reference Agency We have updated SPM module IC-7 in the light of the latest industry initiative to expand the coverage of the commercial credit database in Hong Kong on 1 December 2017. Following consultation with the two industry Associations, the revised version of the above SPM module will be issued today by notice in the Gazette under section 16(10) of the Banking Ordinance. On-line access to the SPM module is available on the HKMA’s public website (http://www.hkma.gov.hk/eng/key-functions/banking-stability/supervisory-policy-ma nual.shtml) and private website (http://www.stet.iclnet.hk/index.htm). Should you have questions regarding this module, please contact Ms May Cheung at mwccheung@hkma.gov.hk or Mr Chris Hui at cjyhui@hkma.gov.hk. Yours faithfully, Carmen Chu Executive Director (Banking Conduct) Encl.

3 c.c. Ms Eureka Cheung, FSTB Mr Yue Yi, Chairman, The Hong Kong Association of Banks Mr Lee Huat Oon, Acting Chairman, The DTC Association