2019-03-18
Added · Updated
The Hong Kong Monetary Authority issued this circular to announce updates to the Supervisory Policy Manual module CR-G-14 concerning margin and risk mitigation standards for non-centrally cleared OTC derivatives transactions. The revision aligns regulatory expectations with international standards, specifically addressing margin requirements and other risk mitigation techniques for institutions subject to these regulations. This update applies to all Authorized Institutions and serves as the authoritative reference for compliance with the revised supervisory expectations effective from September 2020.