The development comes as under the current approach, the existing list of calculation periods specified in the Clearing Rules needs to be updated regularly.
The Securities and Futures Commission (SFC), Hong Kong market regulator, and the Hong Kong Monetary Authority (HKMA) have issued a joint consultation on standardising the calculation periods for each year under the Clearing Rules for over-the-counter (OTC) derivatives regulatory regime. SFC and HKMA are open to receiving comments from interested parties by 27 February. The development comes as, under the current approach, the existing list of calculation periods specified in the Clearing Rul