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Clifford Chance

Clifford Chance


Draft PRC Futures Law: What to expect for exchange-traded and OTC derivatives trading?

May 7, 2021

The National People's Congress of the PRC published on its website the draft of the PRC Futures Law for public consultation (the Draft Futures Law) on 29 April 2021, after review and deliberation by the Standing Committee of the National People's Congress, the country's top legislature.

The public consultation period lasts until 28 May 2021. It will be the PRC's first statute on exchange-traded and over-the-counter (OTC) derivatives and includes a number of key potential developments, which may have a significant influence on international market participants trading in the PRC or dealing with PRC counterparties.

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