Hong Kong: SFC consults on margin requirements for non-centrally cleared OTC derivatives

On 19 June 2018, the Securities and Futures Commission (“SFC”) launched a two-month consultation on proposals to impose margin requirements on non-centrally cleared over-the-counter (OTC) derivatives. The deadline for submitting comments to the SFC is 20 August 2018.

We discuss in this bulletin the key points of the SFC’s proposals and highlight the main differences between the SFC’s proposals and the margin rules issued by the Hong Kong Monetary Authority in January 2017.

Read the full bulletin here.