Circular to Licensed Corporations in relation to the reporting of OTC derivatives transactions to the HKMA trade repository – Revised Technical Specifications for Expanded Scope Mandatory Reporting

Earlier this year, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission conducted a joint consultation on changes to the mandatory reporting regime for over-the-counter derivatives ^[1]. Subsequently, related legislative amendments were also enacted^[2] and a notice published in the Government Gazette describing the specific information to be reported when the next phase of the reporting regime (Phase 2 Reporting) comes into effect on 1 July 2017.^[3]

In view of these changes, the Administration and Interface Development Guide (AIDG) has been revised to version 1.5.2 which can be downloaded at the following page of HKMA’s website: https://hktr.hkma.gov.hk/ContentDetail.aspx?pageName=Revised-Technical-Specifications-for-Expanded-Scope-Mandatory-Reporting-(2016-10-28)

Attached to this Circular is the letter issued by the HKMA with more details of the key changes to the AIDG, the testing arrangement and the transition to the Phase 2 Reporting standards which will commence on 1 July 2017.

Licensed Corporations which have activities that may be subject to mandatory reporting obligations should pay attention to the attached letter and take appropriate action to ensure compliance with the changes.

Should you have any queries regarding the above, please contact the HKMA at hktr@hkma.gov.hk.


Supervision of Markets Division
Securities and Futures Commission