Hong Kong Regulations

BANKING (DISCLOSURE) RULES - SECT 13

Comparative information

(1) Subject to subsections (2), (3) and (4), an authorized institution which
makes a quantitative disclosure (referred to in this
section as the "relevant disclosure") pursuant to these Rules shall ensure
that the relevant disclosure is accompanied by, or contains, the like
quantitative disclosure, if any, it made pursuant to these Rules—

   (a)  subject to paragraph (b), for its immediately preceding annual 
        reporting period;

   (b)  in the case of profit and loss information and liquidity ratio—

        (i)    if the relevant disclosure relates to an annual reporting 
               period, for the immediately preceding annual reporting period;

        (ii)   if the relevant disclosure relates to an interim reporting 
               period, for the immediately preceding interim reporting period.

(2) Notwithstanding any case where subsection (1) does not apply to an
authorized institution in a reporting period referred to in that subsection,
the institution shall, if it is practicable for it to do so, ensure that the
disclosure referred to in that subsection is accompanied by the equivalent to
the like quantitative disclosure referred to in that subsection.

(3) Where an authorized institution uses, in 2 consecutive annual 
reporting periods, different approaches under the Capital Rules to calculate
its regulatory capital or capital charge for credit risk, market risk or
operational risk for the same exposure class, business unit, risk category, or
part of its business, as the case requires, the institution is not required to
comply with subsection (1) in respect of that exposure class, business unit,
risk category, or part of its business, as the case may be, for the last of
those periods if the quantitative disclosure concerned is accompanied by, or
contains, a statement explaining the reason why subsection (1) has not been
complied with in respect of that disclosure.

(4) Where the like quantitative disclosure contains a material restatement of
information, the authorized institution shall ensure that the
relevant disclosure is accompanied by, or contains, a statement giving the
nature of the restatement and the institution's reasons for the restatement.