HONG KONG: SFC and HKMA Issue Joint Consultation on Amendments to Clearing Rules for OTC Derivative Transactions

Wednesday June 10 2026

On 5^th June 2026, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) issued joint consultation conclusions on standardising the calculation periods for each year under the Clearing Rules for the over-the-counter (OTC) derivatives regulatory regime.

This would improve on the current approach where the existing list of calculation periods specified in the Clearing Rules needs to be updated by legislative amendments regularly to facilitate the central clearing of OTC derivative transactions.

In view of broad market support, the SFC and the HKMA will proceed with the legislative process to introduce the proposed amendments to the Clearing Rules, and aim to bring the amendments into effect on 1 March 2027.

Click on the above link for further information