On December 1, 2023, the revised list of financial services providers (FSPs) for the OTC derivatives regime was published and will come into effect on January 1, 2024. Licensed persons are reminded that if their average total position in OTC derivatives meets the Clearing Threshold during a Calculation Period, relevant OTC derivative transactions, including those with FSPs, must be centrally cleared according to the Clearing Rules.
Gazette Notice: https://www.gld.gov.hk/egazette/pdf/20232748/egn202327487228.pdf
FAQs: https://www.sfc.hk/-/media/EN/files/SOM/OTC/FAQ-CLearing-Rules-20230301-FINAL.pdf
Clearing Rules: https://www.elegislation.gov.hk/hk/cap571AN!en@2021-06-11
Resource: https://apps.sfc.hk/edistributionWeb/gateway/EN/circular/doc?refNo=23EC58
