On Thu, 29 Jan, HKMA and SFC jointly consult on standardizing calculation periods for OTC derivatives under Clearing Rules, to be effective from Mar 2027. Comments due by Feb 27, 2026.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On Thu, 29 Jan, the Hong Kong Monetary Authority ("HKMA") and the Securities and Futures Commission ("SFC") jointly issued a consultation paper proposing the standardization of annual calculation periods for over-the-counter ("OTC") derivatives under the Clearing Rules. The current periods, which require regular updates, will be replaced with two standardized periods effective from 1 March 2027. The proposed periods are 1 March to 31 May and 1 September to 30 November, intended to enhance efficiency and provide clearer identification for derivative dealers. Interested parties are invited to submit comments to HKMA or SFC by 27 Feb 2026. The consultation paper is available on the HKMA and SFC websites.
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