Regulatory Alerts2010-09-03
Added · Updated
Circular Issued by the Securities and Futures Commission Regarding Potential Listing of Products Denominated in Renminbi
The Securities and Futures Commission requires exchange participants to ensure operational readiness for the trading and settlement of listed Renminbi-denominated products. Participants must test their IT systems, open necessary RMB bank accounts with clearing banks, and establish robust risk management controls for liquidity and exchange rate fluctuations. Brokers providing margin loans are specifically advised to address currency mismatch and credit risks in their margin call systems.
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