Hong Kong: Opened consultation on the enhancements to OTC Derivatives Reporting Regime including crypto currencies
Description
Opened consultation on the enhancements to OTC Derivatives Reporting Regime including crypto currencies
On 22 March 2024, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) launched a consultation regarding proposed enhancements to Hong Kong's over-the-counter (OTC) derivatives reporting regime. The consultation focuses on the implementation of Unique Transaction Identifiers (UTI), Unique Product Identifiers (UPI), and Critical Data Elements (CDE) to align with global reporting standards. The consultation period will conclude on 17 May 2024.
Original sourceScope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), other service provider
Implementation Level
national
Government Branch
executive
Government Body
central bank
Complete timeline of this policy change
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2024-04-22
in consultation
2024-05-17
processing consultation
2024-09-29
adopted