HKMA given new fire power to regulate ‘wild west’ OTC derivatives trading

On 28 June 2013, the Securities and Futures (Amendment) Bill 2013 was published in the Gazette, unveiling the proposed regulatory regime for over-the-counter (OTC) derivatives in Hong Kong. This follows the public consultation that ended in 2011 and subsequent publication of the joint consultation conclusions of the Securities and Futures Commission (SFC) and Hong Kong and Monetary Authority (HKMA) in July 2012…

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