On 05 Dec 2024, the HKMA published a revised SPM Module CA-D-1 to align with the Banking (Disclosure) (Amendments) Rules 2023, effective 1 January 2025. The updated guideline supersedes the prior version and incorporates necessary changes for BDAR implementation. The revised module is available on the HKMA's public and supervisory websites.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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Introduction and Effective Date
On 05 Dec 2024, the Hong Kong Monetary Authority (HKMA) issued a revised version of the Supervisory Policy Manual (SPM) Module CA-D-1 “Guideline on the Application of the Banking (Disclosure) Rules” to incorporate updates reflecting the Banking (Disclosure) (Amendments) Rules 2023 (BDAR), which will take effect on 1 January 2025.
Scope and Implementation
The revised SPM module aligns the existing guideline with the BDAR, ensuring supervisory expectations are consistent with the amended disclosure requirements. The revision supersedes the previous version of Module CA-D-1 and is effective concurrently with the BDAR's operational date.
Access and Contact Information
The revised SPM module is accessible via the HKMA’s public website and Supervisory Communication Website. Authorized Institutions may contact Ms Amy Siu (2878-1321) or Mr Ivan Hui (2597-0693) for inquiries regarding the revision.
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