Regulatory Alerts2018-03-16
Added · Updated
Transfer of General Insurance Business of The Hong Kong Mortgage Corporation Limited
The Hong Kong Monetary Authority issued this circular to address capital adequacy and large exposure requirements following the transfer of general insurance business from The Hong Kong Mortgage Corporation Limited. It specifies the capital treatments for exposures covered by the relevant programmes after the transfer, as detailed in Annex 1. The guidance applies to all authorized institutions and ensures compliance with risk concentration rules regarding HKMCI-related exposures.