Friday June 20 2025
News Source: Global Exchanges
Focus: Stock Exchange Regulation
Type: General
Country: Hong Kong
On 18th June 2025, Hong Kong Securities Clearing Company Limited (HKSCC) announced that the Securities and Futures Commission (SFC) has approved amendments to the Rules and Procedures for the purpose of implementing the single tranche multiple counter arrangement (STMC arrangement), which is to streamline the clearing and settlement process for all Multi-counter Eligible Securities. Under the STMC arrangement, Multi-counter Eligible Securities will no longer be treated as separate securities in CCASS under different stock codes and will instead be identified by one single identifier at CCASS for clearing, settlement and securities holding purposes.
The amendments to the Rules and Procedures will come into effect on Monday, 30 June 2025.
Click on the above link for further information
