COOs studying planned rules for OTC reporting
There are two weeks to submit views on rules in Hong Kong that would require mandatory reporting for OTC derivatives at both the fund and manager level.
Chief operating officers in Hong Kong are still studying proposed changes to mandatory reporting rules for over-the-counter (OTC) derivatives just weeks before a deadline to submit their views.
The rules, due to be vetted by Hong Kong’s legislature in the fourth quarter of this year, would apply to trustees and partners of Hong Kong-domiciled funds, and managers of collective investment schemes in the city.
Hong Kong is working towards compliance with commitments made by the G20…
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