On 06 Aug 2024, the HKMA finalized revisions to SPM module CA-D-1 to align with the Banking (Disclosure) (Amendments) Rules 2023 (BDAR). The updated guideline will take effect on 1 January 2025, subject to the completion of the BDAR's legislative process. The HKMA will issue the revised module after the legislative process is finalized.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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Revised SPM Module CA-D-1
On 06 Aug 2024, the Hong Kong Monetary Authority (HKMA) has finalized revisions to the Supervisory Policy Manual (SPM) module CA-D-1 'Guideline on the Application of the Banking (Disclosure) Rules' following consultation with the Hong Kong Association of Banks and the DTC Association. The revised module incorporates updates to align with the Banking (Disclosure) (Amendments) Rules 2023 (BDAR), which are scheduled to take effect on 1 January 2025. The HKMA intends to issue the revised SPM module upon completion of the legislative process for the BDAR.
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