Regulatory Alerts2023-08-25
Added · Updated
Consultation Conclusions on Proposed Risk Management Guidelines for Licensed Persons Dealing in Futures Contracts
The Securities and Futures Commission issued final Risk Management Guidelines for licensed futures brokers following a public consultation that incorporated industry feedback. The regulator replaced prescriptive quantitative thresholds with principles-based guidance, notably raising the concessionary margining limit to 50% and removing mandatory daily stress testing. The Guidelines mandate enhanced coordination among senior management, stricter controls on margin call waivers, and require system upgrades within an 18-month transitional period.
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