Hong Kong – SPM: Revised Module CA-D-1 “Guideline On The Application Of The Banking (Disclosure) Rules”.

Hong Kong – SPM: Revised Module CA-D-1 “Guideline On The Application Of The Banking (Disclosure) Rules”.

Hong Kong – SPM: Revised Module CA-D-1 “Guideline On The Application Of The Banking (Disclosure) Rules”.

On 6 August 2024, in the light of the implementation of the Banking (Disclosure) (Amendment) Rules 2023 (“BDAR”), the HKMA published revisions to the SPM module CA-D-1 “Guideline on the Application of the Banking (Disclosure) Rules” (“Guidance”) which will take effect on the commencement date of the BDAR, intended for 1 January 2025.

Notably, the Guidance has the following revisions:

• new guidance on the first reporting period subject to the new or revised quarterly, semi-annual or annual disclosure requirements for all authorised institutions
• the materiality test for disclosure should take into account the materiality concept as set out in the HKFRS
• new guidance on the disclosure requirements in respect of the credit exposures falling within the internal ratings-based (“IRB”) adoption classes

For the circular, please see here. To access a full copy of the revised Guidance, please see here.