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CODE OF PRACTICE FOR PAYMENT CARD SCHEME OPERATORS Background Under the Clearing and Settlement Systems Ordinance which came into force on 4 November 2004 the Hong Kong Monetary Authority HKMA has the power to designate and oversee clearing and settlement systems that are material to the monetary or financial stability of Hong Kong or to the functioning of Hong Kong as an international financial centre. The objective is to promote the general safety and efficiency of designated clearing and...
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Organizations: Various organizations, across different industries, require a code of practice to define guidelines, standards, and best practices to be followed by employees or members. This helps maintain consistency, ethics, and compliance within the organization.
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Professionals: Certain professional bodies or associations may require their members to adhere to a code of practice that outlines the expected behavior, ethical principles, and professional standards. This ensures that professionals in a specific field maintain high levels of competence, integrity, and ethical conduct.
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Industries: Some industries have specific regulations or standards that need to be followed to ensure safety, quality, and efficiency. A code of practice is often developed and implemented to provide guidelines and procedures for the industry as a whole. This helps maintain uniformity, compliance, and good practices across the sector.
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Code of practice is a set of guidelines or rules that provides direction and instructions for specific activities or industries.
The entities or individuals involved in the specific activity or industry for which the code of practice is applicable are required to file it.
To fill out code of practice, you need to gather the relevant information and follow the provided guidelines. The form should be completed accurately and submitted as required.
The purpose of code of practice is to ensure compliance, promote safety, and maintain standards in the specific activity or industry for which it is developed.
The specific information required to be reported on code of practice may vary depending on the industry or activity. It typically includes details about processes, procedures, safety measures, and any specific requirements.
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