HONG KONG: OTC Clear Publishes Circular on Amendments to Clearing Procedures

Friday December 22 2023

On 21^st December 2023, OTC Clearing Hong Kong Limited (“OTC Clear”) published a circular that the Securities and Futures Commission (SFC) has approved amendments to the Clearing Procedures of OTC Clear for the purpose of revising the Rates and FX Minimum Contribution Amount applicable to each Clearing Member of OTC Clear from HKD 50 million to HKD 25 million.

The amendments will come into effect on Tuesday, 2^nd January 2024.

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