Clifford Chance
HKMA and SFC release joint consultation conclusions & supplemental consultation relating to the proposed regulatory regime for the OTC derivatives market in Hong Kong
17 July 2012
The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) launched a public consultation paper relating to the proposed regulatory regime for the OTC derivatives market in Hong Kong last year on 17 October 2011 (the Consultation Paper). The aim is to introduce a new regulatory regime in Hong Kong in line with the G-20's aims of reducing systemic risk in the global OTC derivatives market. For a discussion of the HKMA and SFC's proposals in the Consultation Paper, please see our client briefing entitled "HKMA and SFC begin joint consultation process relating to the reporting, clearing and trading of OTC derivatives in Hong Kong" (October 2011).
