Explains the MA's policy on underwriting and sub-underwriting under Parts 2, 3 and 7 of the BELR: the underwriting policy and maximum commitments expected of the AI, and the statutory requirements (the single counterparty and linked group limit, the equity exposure limit, the limit on acquiring share capital, the seven-working-day exemption period and extensions). Classification: a statutory guideline issued by the Monetary Authority under the Banking Ordinance §7(3); version V.3, 13.12.2024; applies to AIs undertaking securities underwriting.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.