Regulatory Alerts2019-08-16
Added · Updated
One-year Extension of the Final Implementation Phase of the Margin Requirements for Non-centrally Cleared Derivatives
The Hong Kong Monetary Authority issued this circular to grant a one-year extension for the final implementation phase of margin requirements for non-centrally cleared derivatives. This adjustment applies to all authorized institutions and aligns with the Basel Committee on Banking Supervision's standards for over-the-counter derivatives. The directive modifies the timeline for compliance with the risk mitigation standards outlined in Supervisory Policy Manual module CR-G-14.
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