Enhancing Deposit Protection in Hong Kong

The HKDPB issued a circular on 17 August 2006.

• Payment of Contribution

• Deposit Protection Scheme (Payment of Contributions, Late Payment Fees and Rebates) Rules

The HKDPB issued a circular on 20 July 2006.

• Subsidiary Legislation under the Deposit Protection Scheme Ordinance

• Gazette Notice - LegCo Resolution

The HKDPB issued a circular on 29 June 2006.

• Guidance on Representation Rules

• Questions and Answers 06 2006

• Annex - DPS Membership Sign Guideline

The Hong Kong Deposit Protection Board published four pieces of subsidiary legislation in the gazette on 19 May 2006.

• Press Release

• Annex 1

• Annex 2

Briefing to Legislative Council Panel on Financial Affairs on 6 March 2006

Annual Report of Hong Kong Deposit Protection Board.

• Press Release

• Annual Report 2004-2005

The Hong Kong Deposit Protection Board consulted the Hong Kong Association of Banks on Information System Rules on 23 June 2005.

• Information System Rules
  

  • Appendix

The Hong Kong Deposit Protection Board consulted the Hong Kong Association of Banks on Rules on Representations on 6 May 2005.

• Rules on Representations Regarding Membership and Deposit Protection
  

  • Annex 1

  • Annex 2

  • Annex 3

The Hong Kong Deposit Protection Board consulted the Hong Kong Association of Banks on Rules on Payment of Compensation and Collection of Contributions on 30 March 2005.

• Rules on Payment of Compensation
  

• Rules on Payment of Contributions, Late Payment Fees, Rebates and Refunds of Contributions

The Hong Kong Deposit Protection Board consulted the Hong Kong Association of Banks on Asset Maintenance Rules on 24 March 2005.

• Asset Maintenance Rules
  

  • Appendix

The Hong Kong Deposit Protection Board issued a letter to all scheme members on 25 February 2005.

• Return of Relevant Deposits

The Hong Kong Deposit Protection Board issued a letter to all licensed banks on 2 February 2005.

• Deposit Protection Scheme

The Deposit Protection Scheme Ordinance has been passed by the Legislative Council on 5 May 2004.

• Press release 5 May 2004: Deposit Protection Scheme Ordinance

The Chief Executive in Council has approved the Deposit Protection Scheme Bill for introduction into the Legislative Council on 30 April 2003. The Bill contains the Hong Kong Monetary Authority's proposals on how the deposit protection scheme in Hong Kong should be structured.

• Press release 16 April 2003: Deposit Protection Scheme Bill

The Hong Kong Monetary Authority released a second consultation paper on introduction of deposit insurance on 27 March 2002.

• Press release 27 March 2002: Second Public Consultation on Deposit Insurance
  

• Consultation Paper, March 2002 (PDF, 265KB)

The Hong Kong Monetary Authority released a discussion paper on 26 September 2001 on netting by the Deposit Insurance Scheme for the comments of the Hong Kong Association of Banks.

• Netting by the Deposit Insurance Scheme (PDF, 193k)

The Hong Kong Monetary Authority released a discussion paper on 7 September 2001 on funding and premium assessment for the Deposit Insurance Scheme to seek views from the industry on the funding arrangements for the scheme.

• Press release 7 September 2001: Deposit Insurance Scheme
  

• Discussion Paper (PDF, 155k)
  

  • Annex A (PDF, 149K)

  • Annexes B To F (PDF, 77K)

The Executive Council approved on 24 April 2001 in principle the proposal to introduce a deposit insurance scheme in Hong Kong and requested the Hong Kong Monetary Authority to undertake more detailed work with a view to producing a set of final recommendations on how the scheme should be structured.

• Press release 24 April 2001: Enhancing Deposit Protection in Hong Kong
  
  

• Explanatory note on ExCo's decision
  
  

• Summary Report on Results of Public Consultation
  
  

• Enhancing Deposit Protection in Hong Kong (Powerpoint presentation on 24 April 2001)

The Consultation Paper and related documents released in October 2000 can be downloaded below:

• Press release 24 October 2000:
  Enhancing Deposit Protection in Hong Kong
  
  

• The Consultation Paper (PDF, 101k)
  
  

• Enhancing Deposit Protection in Hong Kong: The Key Issues (PDF, 60.5k)
  
  

• Final Report of Arthur Andersen (PDF, 2.29M)