Regulatory Alerts2020-09-11
Added · Updated
Revised Supervisory Policy Manual CR-G-14 on Non-centrally Cleared OTC Derivatives Margin and Risk Mitigation
The Hong Kong Monetary Authority issued a revised Supervisory Policy Manual CR-G-14 to align initial margin requirements and risk mitigation standards with the Basel Committee and IOSCO's April 2020 phase-in schedule. The update extends exemptions for certain equity options, clarifies substituted compliance and benchmark reform amendments, and introduces new guidance for derivatives transactions with leasing entities. Authorized Institutions currently in scope must comply with these revised provisions by 1 September 2021, with early adoption permitted.
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