On 13 Feb 2026, the Hong Kong Monetary Authority ("HKMA") published the conclusions of a public consultation on enhancements to the Banking Ordinance. Proposed changes include better regulation of bank holding companies, the engagement of skilled persons, and technical amendments. Respondents generally supported these enhancements. The HKMA will continue working on the legislative amendments and aims to introduce an amendment bill in 2026.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On February 13, 2026, the Hong Kong Monetary Authority ("HKMA") published the results of a public consultation on proposed enhancements to the Banking Ordinance. The consultation presented several proposals aimed at improving the regulatory clarity, effectiveness, and reducing the compliance burden for bank holding companies, skilled persons, and other relevant technical amendments.
The consultation solicited feedback from stakeholders who generally supported the proposed enhancements. The HKMA will integrate this feedback, along with its own considerations, to draft the legislative amendments. The ultimate goal is to introduce an amendment bill to the Legislative Council in 2026, underscoring the HKMA’s commitment to maintaining a robust and responsive banking regulatory framework.
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