SFC and HKMA Announce Update to List of OTC Derivatives Financial Services Providers

According to the app, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have announced that they have completed their annual update to the list of financial service providers recognized under the over-the-counter (OTC) derivatives regulatory framework. .sfc.hk.

Annual review and update

Our annual update process is part of our ongoing effort to ensure that our list of financial service providers is up-to-date and accurate. This list is essential to maintain the integrity and oversight of Hong Kong’s OTC derivatives market, mitigate systemic risk and enhance market transparency.

The Importance of Compliance

Financial institutions on this list must adhere to strict regulatory standards set by the SFC and HKMA. These standards include strong risk management practices, adequate capital reserves, and transparent reporting mechanisms. The updated list serves as an important reference for market participants to identify compliant counterparties for OTC derivatives transactions.

Impact on the market

This list update is expected to have a significant impact on the OTC derivatives market in Hong Kong. The SFC and HKMA aim to enhance market confidence and stability by ensuring that only compliant and financially sound institutions are recognized. In addition, these updates are in line with international regulatory standards, bringing Hong Kong’s financial market more in line with global best practices.

conclusion

The SFC and HKMA’s efforts to update the list of financial service providers under the OTC derivatives regulatory regime underline their commitment to maintaining transparent and stable financial markets. These updates are essential to protect the interests of market participants and ensure the overall health of the financial system.

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