Hong Kong issues guidelines on disclosure

The Hong Kong Monetary Authority (HKMA) has issued a non-statutory guideline on the application of the banking disclosure rules. The idea is to give new guidance about how the rules should be applied and to clarify certain requirements. The rules complete the introduction of the new disclosure regime for Authorised Institutions (AI) and came into effect on January 1 this year although, for the most part, AIs will make their first disclosures under the new regime only on June 30, when they reveal

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