Circular to Licensed Corporations – Updated FAQs and Reporting Instructions for OTC Derivatives Reporting

The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) jointly released revised FAQs on the Securities and Futures (OTC Derivative Transactions – Reporting and Record Keeping Obligations) Rules and updated Supplementary Reporting Instructions (SRI) for OTC derivative trade reporting. These updates, effective from 29 September 2025, align with the consultation conclusions on the mandatory use of Unique Transaction Identifier, Unique Product Identifier, Critical Data Elements reporting, and the ISO 20022 standard. Licensed Corporations subject to reporting obligations are advised to review these materials for compliance.

Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/circular/doc?refNo=24EC66