Aggregated News From Investment Management Regulators

Consultation on new calculation periods under the OTC derivative clearing rules

Report/Flag

Please complete the required fields.



The Hong Kong Monetary Authority (HKMA) and Securities and Futures Commission (SFC) today issued a joint consultation on adding eight new calculation periods under the Clearing Rules (Note 1) for the over-the-counter (OTC) derivatives regulatory regime (Note 2).

Interested parties are invited to submit comments to the HKMA or SFC by 21 January 2022. The joint consultation paper can be downloaded from the HKMA or SFC websites.

Notes:

  1. The Securities and Futures (OTC Derivative Transactions – Clearing and Record Keeping Obligations and Designation of Central Counterparties) Rules.
  2. To meet the G20 commitments to reform the OTC derivatives markets, the HKMA and SFC have implemented a regulatory regime for OTC derivatives in Hong Kong. The regime provides for, among other things, the introduction of reporting, clearing, trading and record keeping obligations in respect of OTC derivative transactions. To date, two phases of mandatory reporting and one phase of mandatory clearing have been implemented.

This news item was originally published by the Securities and Futures Commission (SFC HK). For more information, please see the Source Link.

Regulator Information

Abbreviation: SFC
Jurisdiction: Hong Kong

Recent Articles

Grand Trust Holdings United Kingdom

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

Announcement for the referral of a suspicion of violating Article (49) of the Capital Market Law and Article (2) of the Market Conduct Regulations...

In line with the Capital Market Authority's (CMA) responsibilities to protect the citizens and investors from unfair or unsound practices, and aiming to achieve...

Guidance on Application for Registration of a Virtual Assets Service Provider

Guidance Attachment: guidance_-_application_for_vasp_registration.pdf This news item was originally published by the British Virgin Islands Financial Services Commission (BVIFSC VG). For more information, please see the Source Link.

Virtual Assets Service Providers Guide to the Prevention of Money Laundering, Terrorist Financing and Proliferation Financing

Guidance Attachment: vasp_aml_cft_guidance.pdf This news item was originally published by the British Virgin Islands Financial Services Commission (BVIFSC VG). For more information, please see the Source...

Get the latest from Regulatory.News in your inbox!

×