HKMA SPM
Credit risk management (CR-G, CR-L, CR-S) – HKMA SPM

HKMA SPM CR-L-5: Major Acquisitions and Investments: BELR Part 3

What does CR-L-5 require?

Sets how the MA exercises consent under Part 3 of the BELR for acquisitions of share capital: the Tier 1 capital basis, exemptions from prior consent, consolidated supervision, deemed consent, application procedures, refusal, conditions, revocation and advance notice of other acquisitions, with Annex 1 illustrating the Rule 23(2)(c) exemption. Classification: a statutory guideline issued by the Monetary Authority under the Banking Ordinance §7(3); version V.3, 19.12.2025; applies to locally incorporated AIs.

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