Hong Kong Regulations

BANKING (DISCLOSURE) RULES - SECT 7

Interaction of other requirements

Where—

   (a)  an authorized institution makes a disclosure (referred to in
this section as an "external disclosure") pursuant to a requirement

        (referred to in this section as an "external requirement"), whether in or 
outside Hong Kong, which is not a requirement under these Rules (referred
to in this section as an "internal requirement");

   (b)  the external requirement is similar, in whole or in part, to an
        internal requirement pursuant to which the institution is required to
        make
a disclosure (referred to in this section as an "internal disclosure") similar
to the external disclosure; and

   (c)  the external disclosure is available to the general public in Hong
        Kong, the institution may treat the external disclosure as complying
        with the internal requirement if—

   (d)  the institution demonstrates to the satisfaction of the Monetary
        Authority that—

        (i)    the external disclosure substantially complies with the
               internal requirement; and

        (ii)   the institution's disclosure statement adequately explains, or
               is accompanied by information which adequately explains, any
               material differences between the external disclosure and the
               internal disclosure which the institution would have made but
               for the operation of this section; and

   (e)  the institution's disclosure statement states the means by which the
        general public may readily access the external disclosure

(including the information, if any, referred to in paragraph (d)(ii)).