Circular in relation to the clearing and record keeping rules for the OTC derivatives regime – changes to the list of persons designated as financial services providers

The revised list of financial services providers (FSPs) under the Securities and Futures (OTC Derivative Transactions—Clearing and Record Keeping Obligations and Designation of Central Counterparties) Rules has been gazetted and will take effect on 1 January 2025. Licensed persons must ensure that OTC derivative transactions exceeding the Clearing Threshold during a Calculation Period are centrally cleared from the corresponding Prescribed Day, including transactions with FSPs. For further details, refer to the Clearing Rules and related FAQs on the Mandatory Clearing Regime.

Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/circular/doc?refNo=24EC60