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.