Page 48 - 期货和衍生品行业监管动态（2025年4月）

期货和衍生品行业监管动态

The Securities and Futures Commission (SFC) and Hong Kong Monetary

Authority (HKMA) today issued a joint consultation on the annual update to the list of

Financial Services Providers (FSP List) under the over-the-counter (OTC) derivatives

clearing regime (Note 1).

Based on the latest annual review, the regulators proposed adding one entity to

the FSP list to ensure the list remains relevant and appropriate. The update, if adopted,

is scheduled to take effect on 1 January 2026.

The concept of FSP has been introduced to the clearing regime to identify major

OTC derivatives dealers outside Hong Kong. Central clearing is required for certain

transactions conducted between a major dealer outside Hong Kong (ie, an FSP) and a

prescribed person (ie, an authorized institution, an approved money broker or a

licensed corporation).

Interested parties are invited to submit comments to the SFC or HKMA by 16

May 2025. The joint consultation paper can be downloaded from the websites of the

SFC or HKMA.

Note:

1.The FSP List includes entities that meet the following two criteria:

(a) They belong to a group of companies that appears on either the list of global

systemically important banks published by the Financial Stability Board, or 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 continue 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.

https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?

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