Join the Community

23,281
Expert opinions
43,783
Total members
373
New members (last 30 days)
180
New opinions (last 30 days)
29,074
Total comments

Implementation of OTC derivative reporting regime in HK

The Financial Services and the Treasury Bureau (FSTB) has published a Bill to provide a regulatory framework for the over-the-counter (OTC) derivatives market in Hong Kong.  The Bill details:

  • mandatory reporting, clearing and trading obligations;
  • the establishment and regulation of the infrastructure through which the mandatory obligations will be fulfilled (e.g. CCPs); and
  • provisions for the regulation and oversight of key players in the OTC derivatives market, i.e. authorised institutions, approved money brokers, licensed corporations and other persons to be prescribed by subsidiary legislation.

The FSTB has given notice to present the Bill to the Legislative Council for its first reading on 10 July 2013.

 Related Link:

http://www.legco.gov.hk/yr12-13/english/bills/brief/b21_brf.pdf

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Join the Community

23,281
Expert opinions
43,783
Total members
373
New members (last 30 days)
180
New opinions (last 30 days)
29,074
Total comments

Now Hiring