On December 20, 2024, the Securities and Futures Commission ("SFC") and the Hong Kong Monetary Authority ("HKMA") jointly published a revised version of Frequently Asked Questions on the Securities and Futures (OTC Derivative Transactions – Reporting and Record Keeping Obligations) Rules ("FAQs").
At the same time, the HKMA issued a revised version of Supplementary Reporting Instructions for OTC Derivative Transactions ("SRI") to provide further guidance and reporting instructions for over-the-counter ("OTC") derivatives trade reporting.
The revised FAQs and SRI are published in furtherance of the consultation conclusions issued by the two regulators in September 2024 on the mandatory use of Unique Transaction Identifier, Unique Product Identifier, the reporting of Critical Data Elements, and the adoption of the ISO 20022 standard. Both the revised FAQs and revised SRI will take effect from September 29, 2025. Licensed Corporations that may be subject to mandatory reporting obligations are advised to refer to them.
**Links to the FAQs and SRI**:
https://www.sfc.hk/en/faqs/OTC-derivatives
https://hktr.hkma.gov.hk/ContentDetail.aspx?pageName=HKTR-RPT-Administration-and-Interface-Development-Guide
**Contact Information**:
For questions about the service, operation, and testing arrangement of the Hong Kong Trade Repository, please contact the HKTR at 8100 3115 or email to
For questions about the policy or regulatory requirements, please email to
This article was generated using SAMS, a proprietary artificial intelligence technology under development by Timothy Loh LLP and its affiliates. This article does not constitute legal advice and should not be relied upon by any person. Only the original text, which is hyperlinked to this article, should be regarded as definitive.
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