Hong Kong Regulations

BANKING (DISCLOSURE) RULES - SECT 16

Compliance

(1) An authorized institution shall, in addition to the disclosures it is
required to make pursuant to any other provisions of these Rules, include in
its disclosure statement such other information that it is necessary to so
include to ensure that—

   (a)  the information contained in the statement is not false or misleading
        in any material respect; and

   (b)  the operations of the institution are clearly explained.

(2) Notwithstanding any other provisions of these Rules, where it is not
practicable for an authorized institution to make a disclosure required under
these Rules for reasons not related to section 9, the institution—

   (a)  shall, after consultation with the Monetary Authority, include in its
        disclosure statement—

        (i)    a statement that it is so unable and of the reasons why it is
               so unable; and

        (ii)   information which is the closest available alternative to the
               information which would have been the subject of those
               disclosures if the institution had not been so unable; and

   (b)  shall not publish the disclosure statement except with the prior
        consent of the Monetary Authority.