Consultation on draft text of the rules on contractual stays on termination rights in financial contracts for authorized institutions to be made under the Financial Institutions (Resolution) Ordinance

Enclosure: Financial Institutions (Resolution) (Contractual Recognition of Suspension of Termination Rights—Banking Sector) Rules

The HKMA issued a letter on 31 December 2020 to consult the industry on the draft text of the rules on contractual stays on termination rights in financial contracts for authorized institutions to be made under the Financial Institutions (Resolution) Ordinance.