2026-06-08

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Deemed Comparable Jurisdictions under SPM CR-G-14 for OTC Derivatives Margining

The Hong Kong Monetary Authority issued a closed consultation letter to the Hong Kong Association of Banks outlining the jurisdictions deemed comparable for margin requirements under Supervisory Policy Manual CR-G-14. This guidance specifies which foreign regulatory frameworks satisfy the equivalence criteria for non-centrally cleared over-the-counter derivatives, thereby determining where banks may apply alternative margining and risk-mitigation techniques. Financial institutions must update their collateral management and margining processes to reflect these designated jurisdictions ahead of the June 2026 compliance timeline.

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Issue Date:

08 Jun 2026

Consultation Status:

CLOSED

Consultation Open Date:

08 Jun 2026

Consultation Close Date:

30 Jun 2026

20260608-1-EN.pdf (154.8 KB)

Topic:

OTC Derivatives - Margining/Risk-mitigation

Group:

Specific

Directly related Document

Cross referenced Document

Version History

Superseded Document

Directly related Document

CPR

Archive

08 Jun 2026

Letter to HKAB: Deemed comparable jurisdictions under SPM CR-G-14

CPR

Archive

08 Jun 2026

Letter to HKAB: Deemed comparable jurisdictions under SPM CR-G-14

Cross referenced Document

Version History

Superseded Document

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