Regulatory Alerts2016-09-01
Added · Updated
Securities and Futures (OTC Derivative Transactions – Clearing and Record Keeping Obligations and Designation of Central Counterparties) Rules
The Hong Kong Monetary Authority and the Securities and Futures Commission issued these rules to implement a mandatory clearing regime for over-the-counter derivative transactions. The regulations impose clearing and record-keeping obligations on authorized institutions and designate central counterparties to mitigate systemic risk. This framework ensures that specified OTC derivatives are cleared through approved financial services providers to enhance market stability.
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