2) The 2018 Rules (BDAR) have been published. These rules, published in the Official Gazette, implement the latest international standards for banking regulation in Hong Kong. The three subsidiary pieces of legislation will be submitted to the Legislative Council for negative consideration on 21 November 2018. Subject to the advice of the Legislative Council, subsidiary legislation should enter into force. Amendment to the liquidity coverage ratio rule to support the participation of banking organizations in the money market investment fund liquidity facility and the paycheque protection program liquidity facility (effective May 6, 2020; Comments until June 5, 2020) Press release and announcement Amendments to simplify regulatory capital requirements for banking organizations that do not use the capital framework for “advanced approaches” (valid from October 1, 2019 or 1. April 2020 for certain changes) Press release and announcement Changes to the ban on banks investing or sponsoring hedge funds or private equity funds (effective October 1, 2020) Press release and announcement | Correction (PDF) Amendments to strengthen the standards for the additional leverage ratio for large interconnected U.S. companies. . .
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