The Hong Kong Monetary Authority (HKMA) has published the conclusions of its public consultation on proposed enhancements to the Banking Ordinance, reporting broad support from respondents and setting out its responses to the feedback received. The package covers proposed changes to the regulation of bank holding companies, the engagement of skilled persons, and a range of technical amendments to the Banking Ordinance and other banking-related legislation. The HKMA framed the proposals as aimed at improving regulatory clarity and effectiveness while reducing compliance burden. The HKMA will continue work on the related legislative amendments, with a view to introducing an amendment bill into the Legislative Council in 2026.
Hong Kong Monetary Authority 2026-02-13
Hong Kong Monetary Authority publishes consultation conclusions on Banking Ordinance enhancements and targets a 2026 amendment bill
The Hong Kong Monetary Authority has concluded its public consultation on proposed enhancements to the Banking Ordinance, receiving broad support and outlining responses to feedback. The proposals aim to improve regulatory clarity and effectiveness while reducing compliance burdens, with legislative amendments expected to be introduced in 2026.