Hong Kong Regulations

BANKING (DISCLOSURE) RULES - SECT 90

Comparative information

(1) Subject to subsections (2) and (3), an authorized institution which makes
a quantitative disclosure pursuant to this Part shall—

   (a)  for disclosures under Division 3, except for the profit and loss
        information disclosure under section 93 and the liquidity ratio
        disclosure under section 103, also disclose the corresponding amounts
        for the immediately preceding reporting period;

   (b)  for the profit and loss information disclosure under section 93 and
        the liquidity ratio disclosure under section 103, where a disclosure 
        statement relates to the annual reporting period, also disclose the
        figures for the institution's immediately preceding annual reporting 
        period and, where a disclosure statement relates to the
        interim reporting  period, also disclose the figures for the
        institution's immediately preceding interim reporting period;

   (c)  for disclosures under Division 4, except for the pre-tax profit
        disclosure under section 106(1)(e), also disclose the corresponding
        amounts for the immediately preceding reporting period; and

   (d)  for the pre-tax profit disclosure under section 106(1)(e), where a
        disclosure statement relates to the annual reporting period, also
        disclose the figures for the institution's immediately preceding
        annual  reporting period and, where a disclosure statement relates to
        the interim  reporting period, also disclose the figures for the
        institution's immediately preceding interim reporting period.

(2) Where an authorized institution is unable to comply with subsection
(1)(a), (b), (c) or (d) because interim consolidated information is not
provided by the institution as a whole, the institution shall disclose the
annual figures as comparatives.

(3) Where an authorized institution makes disclosures pursuant to this Part
for the first time and it is not practicable for the institution to provide
the comparative figures required by subsection (1)(a), (b), (c) or (d)
(including that subsection as read with subsection (2)), the institution is
not required to comply with that subsection for the first reporting period
concerned.