The Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) published joint consultation conclusions on the annual update to the Financial Services Providers list (FSP List) under the over-the-counter (OTC) derivatives clearing regime, confirming they will implement the change proposed in the April 2025 joint consultation. The FSP List covers entities that both belong to a group appearing on either the Financial Stability Board’s global systemically important banks list or the relevant OTC Derivatives Supervisors Group dealer group list, and are clearing members of the largest central counterparties offering interest rate swap clearing in the United States, Europe, Japan and Hong Kong. The updated FSP List is scheduled to be gazetted in the fourth quarter of 2025 and implemented on 1 January 2026.
Hong Kong Securities & Futures Commission 2025-06-26
Hong Kong Securities and Futures Commission and Hong Kong Monetary Authority finalise annual update to OTC derivatives Financial Services Providers list
The Hong Kong Securities and Futures Commission and the Hong Kong Monetary Authority have concluded their joint consultation on the annual update to the Financial Services Providers list under the OTC derivatives clearing regime. The update, confirming changes proposed in April 2025, will be gazetted in Q4 2025 and implemented on 1 January 2026.