OTC derivatives reform in Hong Kong: Development Update
OTC derivatives reform in Hong Kong: Development Update
Overview of key amendments to the Securities and Futures Commission’s consultation paper on OTC derivatives reform
On 12 December 2018, the Securities and Futures Commission (SFC) released a consultation conclusion paper on (i) Proposed requirements in relation to OTC derivative risk mitigation and client clearing and (ii) Proposed conduct requirements to address risks posed by group affiliates, which is under the Code of Conduct for Persons Licensed by or Registered with the SFC.
This client update explores the key amendments to the consultation paper issued in December 2017 and suggests actions to be taken by Licensed Corporations in Hong Kong.
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