A newly updated version of the Securities and Futures (OTC Derivative Transactions—Clearing and Record Keeping Obligations and Designation of Central Counterparties) Rules was published on Hong Kong’s e-Legislation platform, the official website of the Department of Justice for publicizing legal documents. The rules which specify the clearing and record keeping obligations with respect to transactions in OTC derivatives were revised following the publication of the Securities and Futures (OTC Derivative Transactions—Clearing and Record Keeping Obligations and Designation of Central Counterparties) (Amendment) Rules 2022 which extended the list of periods which need to be applied to determine the clearing obligation of OTC derivatives. The thresholds thereby remained the same (US$20 billion). Accordingly, the second schedule containing this list of periods of the rules have been modified.
Securities and Futures (OTC Derivative Transactions—Clearing and Record Keeping Obligations and Designation of Central Counterparties) Rules (Cap. 571AN) (Version Date: 01/03/2023)
ID
22089
Other Features
CCPs
clearing
OTC derivatives
post trading
trading
Date Published: 2023-03-01
Date Taking Effect: 2023-03-01
Regulatory Framework: Securities and Futures Ordinance
Regulatory Type: regulation
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