Circular to Licensed Corporations - Updates to the technical specifications and gazette notice for Hong Kong’s Over-the-Counter (OTC) derivatives reporting requirements

On April 25, 2025, the Securities and Futures Commission ("SFC") and the Hong Kong Monetary Authority ("HKMA") published updated versions of the Administration and Interface Development Guide ("AIDG"), Frequently Asked Questions ("FAQs"), and the Supplementary Reporting Instructions ("SRI") pertaining to Hong Kong’s Over-the-Counter ("OTC") derivatives reporting requirements. These updates, aimed at addressing industry participants’ concerns and clarifying their queries, will be effective from 29 September 2025.,Additionally, a notice was issued in the Government Gazette today, giving legal effect to the mandatory data elements for OTC derivatives reporting. This notice replaces the previous notice G.N. 3344 published on 30 June 2022 and will take effect on 29 September 2025. The attached mark-up version incorporates minor changes based on the Consultation Conclusions from 26 September 2024.,Reporting entities are urged to refer to the updated AIDG, FAQs, and SRI available on the SFC’s dedicated webpage, along with the Gazette Notice, to ensure adequate preparation for implementation. For inquiries regarding the HKTR service, operation, and testing arrangements, contact HKTR at 8100 3115 or via email at This email address is being protected from spambots. You need JavaScript enabled to view it.. For policy and regulatory questions, contact the SFC at This email address is being protected from spambots. You need JavaScript enabled to view it. for Licensed Corporations and Central Counterparties, or the HKMA at This email address is being protected from spambots. You need JavaScript enabled to view it. for Authorised Institutions and Approved Money Brokers.,On April 25, 2025, the Supervision of Markets Division was established to oversee the fair and efficient operation of financial markets, aiming to ensure transparency, stability, and consumer protection. Its primary responsibilities include monitoring market activities, enforcing regulatory standards, investigating market misconduct, and promoting best practices in market operations. The division was established to address the increasing complexities of the financial market and enhance regulatory oversight.