 |
| 18
October |
 |
|
The HKMA announces that BondsInHongKong Limited has been granted
a licence to enter into an arrangement to provide a direct
electronic clearing and settlement linkage using a system
interface with the CMU.
|
 |
| 25
November |
|
|
The direct link from the HKMA's Central Moneymarkets Unit
to Euroclear, the Brussels-based international central securities
depository, commences live operation, enabling Asian investors
to hold and settle international debt securities through their
CMU accounts.
|
|
|
| 28
November |
|
|
The results of the first annual self-assessment of authorized
institutions' compliance with the Code of Banking Practice
are announced: 90% of institutions comply fully, or almost
fully, with the Code.
|
 |
| 3
December |
|
|
The HKMA and Exchange Fund Investment Limited (EFIL) announce
that, with effect from January 2003, the management of the
Exchange Fund's long-term Hong Kong equity portfolio will
be transferred from EFIL to the HKMA. The HKMA will continue
to manage the Hong Kong equity portfolio through the existing
external fund managers originally appointed by EFIL.
|
| 13
December |
|
|
A new Memorandum of Understanding (MOU) between the Securities
and Futures Commission and the HKMA is signed in preparation
for the new regulatory regime under the Securities and Futures
Ordinance and the Banking (Amendment) Ordinance 2002. The
MOU elaborates on the legal framework and sets out the two
regulators' mutual understanding of the regulation and supervision
of registered institutions and their relevant staff.
|
|
ANNUAL
REPORT MAIN