HKMA provides guidelines on banking disclosure rules

Guidance aims to cut through technical jargon

The Hong Kong Monetary Authority (HKMA) has issued non-statutory guidelines on the application of the Banking Disclosure Rules, which came into effect on January 1 this year.

The release of the guidelines is the final step in the introduction of the new disclosure regime for authorised institutions (AI) that was laid down in the January rules.

The guidance presents a comprehensive set of disclosure requirements for all AIs, both those incorporated locally and overseas, regarding their profit and

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