Regulatory Alerts2016-09-01
Added · Updated
Frequently Asked Questions on the Implementation and Operation of the Mandatory Clearing Regime
The Securities and Futures Commission and the Hong Kong Monetary Authority issued this guidance to clarify the mandatory clearing obligations for over-the-counter derivative transactions under the Securities and Futures Ordinance. The regime requires authorized institutions, approved money brokers, and licensed corporations to centrally clear specified interest rate swaps once their applicable positions exceed a US$20 billion threshold during designated calculation periods. Compliance obligations commenced on 1 September 2016, with the first mandatory clearing date set for 1 July 2017, subject to specific exemptions for exempt affiliates, transactions in exempt jurisdictions, and multilateral portfolio compression cycles.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.