On 31 Dec 2025, the HKMA reminded Authorized Institutions of the requirement to submit their annual self-assessment report for compliance with the Code of Banking Practice 2025 (effective 7 Dec 2023) covering the period 10 Dec 2024 to 31 Dec 2025, due electronically by 31 March 2026. The notice specifies that AIs must cover relevant subsidiaries, conduct assessments through internal departments, and provide detailed accounts for recurring non-compliance instances.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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Introduction
On 31 Dec 2025, the Hong Kong Monetary Authority (HKMA) issued a notice reminding Authorized Institutions (AIs) of the annual self-assessment requirement for compliance with the Code of Banking Practice 2025, effective from 7 December 2023, covering the period from 10 December 2024 to 31 December 2025.
Key Requirements
The HKMA mandates that AIs submit an electronic self-assessment report via the Survey Tool platform by 31 March 2026. The report must cover compliance by AIs and their specified subsidiaries and affiliated companies, as required under the Code. AIs must commission internal audit, compliance, or equivalent departments to conduct the assessment, with the Chief Executive co-signing the report. Where recurring non-compliance is identified, AIs must provide a full account of the instances. Technical issues with the Survey Tool should be directed to
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