Annual update to the list of Financial Services Providers under the OTC derivatives regulatory regime

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23 Jun 2022

Annual update to the list of Financial Services Providers under the OTC derivatives regulatory regime

The Hong Kong Monetary Authority (HKMA) and Securities and Futures Commission (SFC) today (23 June) issued the joint consultation conclusions on the annual update to the list of Financial Services Providers (FSP List) (Note 1) under the over-the-counter (OTC) derivatives clearing regime.

Having considered the market feedback, the HKMA and SFC will proceed with the proposed changes to the FSP List as set out in the joint consultation paper (Note 2). The consultation conclusions paper and the updated FSP List can be downloaded from the websites of the HKMA and the SFC(Note 3).

 

End

 

Notes:

  1. The FSP List includes entities that meet the following two criteria –
__ (a)_ They belong to a group of companies appearing on the list of global systemically important banks published by the Financial Stability Board, or on the list of dealer groups which undertook to the OTC Derivatives Supervisors Group to work collaboratively with central counterparties, infrastructure providers and global supervisors to make structural improvements to the global OTC derivatives markets; and
  (b)

They are clearing members of the largest central counterparties offering clearing for interest rate swaps in the United States, Europe, Japan and Hong Kong.

  1. See the April 2022 joint consultation paper on the annual update to the FSP List.
  2. The updated FSP List will be gazetted during the fourth quarter of 2022 for implementation on 1 January 2023.
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Last revision date : 23 June 2022