OFFICIAL LAUNCH OF ENHANCEMENT OF THIRD PARTY CLEARING ARRANGEMENT

According to a circular issued on 19 Jun 2024,  Options Trading Exchange Participants (“OTEPs”) are requested to note that SEOCH will officially launch the enhancement of the Third Party Clearing (“TPC”) arrangement on 24 June 2024. OTEP who is a Non-Clearing Participant (“NCP”) and wishes to appoint more than one General Clearing Participant (“GCP”) for the clearing and settlement of its Options Contracts can apply by submitting a completed Form 11 – Notification of Execution of Clearing Agreement and Change of Clearing Participantship jointly with the new GCP that it intends to appoint to SEOCH in respect of each additional appointment starting from 24 June 2024. 

Resources: https://www.hkex.com.hk/-/media/HKEX-Market/Services/Circulars-and-Notices/Participant-and-Members-Circulars/SEHK/2024/OPS_CS_009_24_e.pdf