Regulatory Alerts2016-12-06
Added · Updated
Implementation of margin and risk-mitigation standards for non-centrally cleared OTC derivatives
The Hong Kong Monetary Authority mandates that phase 1 institutions begin phasing in initial margin requirements and all covered entities exchange variation margin for non-centrally cleared OTC derivatives starting 1 March 2017. A six-month transitional period from 1 March to 31 August 2017 allows authorized institutions to make reasonable progress toward compliance without retrospective application of the requirements. The regulator will closely monitor progress during this interim phase while excluding transactions entered into within the window from retrospective margining obligations.
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