On 11 Jul 2025, the HKMA gazetted amendments to three banking rules to implement BCBS capital standards for cryptoasset exposures and revise existing provisions for alignment with international practices. The rules will undergo negative vetting on 16 Jul 2025 and take effect on 1 January 2026.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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Gazettal of Amended Rules
On 11 Jul 2025, the Hong Kong Monetary Authority (HKMA) gazetted three amended rules: the Banking (Capital) (Amendment) Rules 2025, Banking (Disclosure) (Amendment) Rules 2025, and Banking (Exposure Limits) (Amendment) Rules 2025, to implement the Basel Committee on Banking Supervision’s (BCBS) capital standards and associated requirements for prudential treatment of cryptoasset exposures. These amendments revise existing regulatory provisions to align with international practices, enhance clarity, and improve consistency within Hong Kong’s regulatory framework.
Implementation Timeline
The amended rules will be tabled before the Legislative Council on 16 Jul 2025 for negative vetting, with implementation scheduled for 1 January 2026, in line with the BCBS’s prescribed timeline. The HKMA will notify authorized institutions upon completion of the negative vetting process.
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