2025-09-04

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Supervisory Policy Manual (SPM): Revised module CG-7 on Benchmark Submission

The Hong Kong Monetary Authority issued a revised version of SPM module CG-7 on Benchmark Submission as a statutory guideline under the Banking Ordinance. These revisions incorporate updated Codes of Conduct for HIBOR and CNH HIBOR and refine supervisory requirements based on thematic reviews of Authorized Institutions. The revised module and updated codes take effect on 5 September 2025 and are accessible via the HKMA public website.

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Hong Kong Monetary Authority

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