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Results: 1-10 of 36

Hong Kong concludes payments regulation consultation
  • Hogan Lovells
  • Hong Kong
  • November 5 2014

On 31st October, the Hong Kong Government published its conclusions to the consultation process launched in May, 2013 by the Financial Services and


Hogan Lovells global payments newsletter
  • Hogan Lovells
  • Hong Kong, Kenya, Poland, United Kingdom, USA, European Union, France
  • July 26 2013

Europe: Commission publishes payments legislative package The European Commission has published two pieces of draft


Hong Kong publishes bill establishing new regime for stored value facilities and retail payment systems
  • Hogan Lovells
  • Hong Kong
  • February 11 2015

On 23 January, the Hong Kong government published the Clearing and Settlement Systems (Amendment) Bill 2015 (the "Bill"), which will introduce a new


HKMA revises its Supervisory Policy Manual IC-1 "General Risk Management Controls"
  • Hogan Lovells
  • Hong Kong
  • March 1 2011

On 31 December 2010, the HKMA issued a revised version of the Supervisory Policy Manual IC-1 "General Risk Management Controls" ("the SPM"


Commissioner of Insurance issues revised guidance note on reserving for mortgage guarantee business
  • Hogan Lovells
  • Hong Kong
  • March 1 2011

At the end of 2010, the Office of the Commissioner of Insurance (the "Insurance Authority") issued a revised Guidance Note (GN6) for insurers on reserving for mortgage guarantee business (the "Guidance Note"


Implementation of positive mortgage data sharing ("PMDS")
  • Hogan Lovells
  • Hong Kong
  • May 11 2011

The HKMA issued a circular on 31 March 2011 on the expanded sharing of mortgage data in connection with the amendments to the Code of Practice on Consumer Credit Data (the "Code") announced by the Privacy Commissioner for Personal Data ("PCPD") on the same day


Important facts statement ("IFS") for currency-linked instruments and interest rate-linked instruments issued by authorized institutions ("ILCL instruments")
  • Hogan Lovells
  • Hong Kong
  • May 11 2011

On 18 April 2011, the HKMA issued a circular in relation to a new investor protection measure that requires AIs to produce an IFS for ILCL instruments


Amendments to Code of Practice on Consumer Credit Data
  • Hogan Lovells
  • Hong Kong
  • May 11 2011

On 31 March 2011, the PCPD (i.e. Privacy Commissioner for Personal Data) announced 3 sets of major amendments to the Code (i.e. Code of Practice on Consumer Credit Data


HKMA issues further guidance on collection, use and transfer of personal data for marketing purposes
  • Hogan Lovells
  • Hong Kong
  • July 28 2011

On 24 June 2011, the HKMA issued a press release in relation to the publication by the Privacy Commissioner for Personal Data ("PCPD") on 20 June 2011 of its investigation reports with respect to the collection and use of customers' personal data by four banks as well as the findings of its compliance checks on the credit card application forms for ten banks


HKMA announces Basel III to be implemented in Hong Kong
  • Hogan Lovells
  • Hong Kong
  • March 1 2011

On 26 January 2011, the HKMA issued a circular announcing that the Basel Committee on Banking Supervision ("BCBS") had issued the final element of the new regulatory capital requirements for Basel III (i.e. the Minimum requirements to ensure loss absorbency at the point of non-viability