Financial services risk and regulation - Regulatory Updates Newsletter (January 2022)

January 2022

The key updates in the January edition include:

  • HKMA Issued Circular on Enhanced Measures on Real-Time Fund Transfers Made by Customers
  • HKMA Issued Consultation on Proposed Revisions to SPM Module OR-1 Operational Risk Management
  • HKMA Issued Consultation on SPM Module OR-2 Operational Resilience
  • HKMA Issued Consultation on Proposed Revisions to SPM Module TM-G-2 Business Continuity Planning
  • HKMA Issued Code of Practice Chapter ST-1 on Contractual Recognition of Suspension of Termination Rights under the Financial Institutions (Resolution) Ordinance (Cap. 628)
  • Insurance Authority Formalises the Green Light Process for Assessment of Investment-Linked Assurance Scheme Products and Ushers in Protection Linked Plans
  • HKMA Issued SPM Module GS-1 Climate Risk Management
  • HKMA Issued Consultation on FIRO Code of Practice Chapter on Liquidity and Funding in Resolution
  • Other Regulatory Updates

We have summarised the details of these key updates in this newsletter.

fsrr regulatory newsletter oct2021

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