The Hong Kong Monetary Authority and the Securities and Futures Commission (SFC) issued joint consultation conclusions on the annual updates to the Financial Services Providers (FSP) List under Hong Kong’s over-the-counter (OTC) derivatives clearing regime, confirming they will implement the proposed changes set out in the April 2025 consultation. The FSP List covers entities that are part of a group appearing on the Financial Stability Board’s global systemically important banks list or on the list of dealer groups that undertook to the OTC Derivatives Supervisors Group to work with central counterparties, infrastructure providers and supervisors on structural market improvements, and that are clearing members of the largest central counterparties offering clearing for interest rate swaps in the United States, Europe, Japan and Hong Kong. The consultation conclusions paper and updated FSP List have been published on the HKMA and SFC websites. The updated FSP List is scheduled to be gazetted in the fourth quarter of 2025 for implementation on 1 January 2026.
Hong Kong Monetary Authority 2025-06-26
Hong Kong Monetary Authority and Securities and Futures Commission finalise annual updates to the OTC derivatives Financial Services Providers list
The Hong Kong Monetary Authority and the Securities and Futures Commission have concluded their joint consultation on the annual updates to the Financial Services Providers List under Hong Kong’s OTC derivatives clearing regime. The updates, based on the April 2025 consultation, will be implemented on 1 January 2026. The consultation conclusions and updated list are available on the HKMA and SFC websites.