New Supervisory Policy Manual (SPM) Module MB-1 on “Risk-based Supervision of Approved Money Brokers”

The Hong Kong Monetary Authority (HKMA) has issued a new Supervisory Policy Manual (SPM) module on “Risk-based Supervision of Approved Money Brokers” (AMBs) following consultations with the Hong Kong Inter-Dealer Brokers Association and AMBs. The module, which is now effective, codifies existing requirements and standards for AMBs, incorporating guidelines from the Treasury Markets Association and the Banking Ordinance. It also outlines HKMA’s risk-based approach to supervising AMBs. The full module is available on the HKMA website.

Resources: https://www.hkma.gov.hk/media/eng/doc/key-information/guidelines-and-circular/2024/20241115e1.pdf