Hong Kong Regulations

BANKING (DISCLOSURE) RULES - SECT 53

References to authorized institution, etc. in Part 5

PART 5

ADDITIONAL ANNUAL DISCLOSURES TO BE MADE BY AUTHORIZED INSTITUTION USING STC
APPROACH TO CALCULATE ITS CREDIT RISK FOR NON-SECURITIZATION EXPOSURES

(1) Unless the context otherwise requires, a reference to an authorized
institution in this Part is a reference to an authorized institution which
falls within section 3(3).

(2) For the avoidance of doubt, it is hereby declared that a reference to a
securitization exposure in this Part includes a securitization exposure which
is subject to the STC(S) approach in consequence of an exemption under section
12(2)(a) of the Capital Rules.