Financial Institutions (Resolution) Ordinance – the derivatives angle

Following two rounds of public consultation on proposals to establish a resolution regime for financial institutions (“FI”), including financial market infrastructure (“FMI”), in Hong Kong , the Financial Institutions (Resolution) Ordinance (the “Ordinance”) was passed by the Legislative Council on 22 June 2016 and gazetted on 30 June 2016.

The Ordinance establishes a regime for the orderly resolution of systemically important financial institutions in the banking, insurance, and securities and futures sectors, as well as certain financial market infrastructures.

Our team of experts have prepared an overview of this key legal development which highlights how the Ordinance is expected to affect the derivatives market.

Read more