Hong Kong Regulations

BANKING (DISCLOSURE) RULES - SECT 9

Proprietary and confidential information

(1) An authorized institution may, with the prior consent of the Monetary
Authority, decline to disclose proprietary or confidential  information the
disclosure of which would otherwise be required pursuant to a requirement of
these Rules (referred to in this subsection as the

"relevant requirement") if the institution—

   (a)  discloses general information relating to the subject matter of the
        relevant requirement in its disclosure statement (whether or not
        pursuant to the relevant requirement); and

   (b)  includes a statement in that disclosure statement stating what
        information it has declined to disclose pursuant to this section.

(2) In this section—

"proprietary or confidential information" (專有或機密資料), in relation
to an authorized institution, means information—

   (a)  which, if it became publicly available, would cause serious prejudice
        to the competitive position of the institution; or

   (b)  in respect of which the institution has legally binding obligations to
        its customers or other counterparties which prevent the institution
        from disclosing the information.

"proprietary or confidential information" (專有或機密資料)