On April 15, 2026, the SFC and HKMA confirmed no changes to the FSP List effective from 1 January 2026 under the Clearing Rules.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
SFC Regulation of Virtual Asset Trading Platforms: The Emerging Hong Kong Framework
SFC proposes new regulation of virtual assets through licensing of operators of cryptocurrency and other digital asset trading platforms
Market Misconduct Tribunal: A Guide to Penalties and Other Consequences for Misuse of Insider Information
Market Misconduct Tribunal proceedings for mishandling of insider information can result in fines and disgorgement orders
SPOTLIGHT ON
FAMILY OFFICES
On April 15, 2026, the Securities and Futures Commission and Hong Kong Monetary Authority completed the joint annual review of the financial services providers (FSP List) to implement the Securities and Futures (OTC Derivative Transactions—Clearing and Record Keeping Obligations and Designation of Central Counterparties) Rules (Clearing Rules). The review confirmed no proposed changes to the current FSP List which came into effect on 1 January 2026, so the list on the SFC’s website remains unchanged and continues to be in effect until further notice.
Eligibility Criteria for the FSP List
The FSP List includes persons meeting two criteria: they must belong to a group listed as a global systemically important bank by the Financial Stability Board or a dealer group committed to the OTC Derivatives Supervisors Group for structural improvements; and they must be clearing members of the largest central counterparties offering clearing for interest rate swaps in the United States, Europe, Japan and Hong Kong.
Regulatory Reference
The Clearing Rules can be found at Cap 571AN, and the document was last updated on 15 Apr 2026.
View the full article:Source
