Hong Kong Regulations

BANKING (DISCLOSURE) RULES - SECT 5

Disclosure policy

An authorized institution shall have in place, not later than 6 months after
the commencement of this section or after the date on which it became an
authorized institution, whichever is the later, a clearly documented policy—

   (a)  which sets out—

        (i)    the approach used by the institution to determine the content,
               appropriateness and frequency of the information it discloses
               to the general public relating to its state of affairs, profit
               and loss or capital adequacy ratio; and

        (ii)   the institution's internal controls over its process for making
               such disclosures (including internal controls for verifying or
               reviewing the accuracy of the information disclosed); and

   (b)  which is approved by the institution's board of directors.