Hong Kong Trade Reporting Requirements
The Hong Kong Monetary Authority (HKMA) requires specified OTC derivative transactions to be reported to HKTR. HKMA reporting obligations in relation to retail OTC Derivatives will come into effect from 1 July 2017. Financial entities that deal in interest rate swaps and non-deliverable forwards should already be meeting their reporting obligations under HKMA.
What needs to be reported?
HKMA requires the following transactions to be reported:
where they are conducted or booked in Hong Kong.
Brokers that deal in the Israeli Shekel derivative have reporting obligations to the Bank of Israel. All non-Israeli firms who hold a position above the threshold (USD15m in aggregate gross notional) are required to report all OTC Derivative on Shekel FX and rates.
For Further information on your Shekel reporting obligations, visit our Israeli Shekel page.
Entities will be required to report the following:
We note, HKMA has further reporting requirements for information to be provided depending on the product class and product type.
The following entities are required to report in accordance with HKMA regulations:
TRAction will provide clients with a reporting agents solution in accordance with the reporting requirements outlined above. Please contact us for further information on how TRAction can assist you with Derivative Reporting.
The Monetary Authority of Singapore requires parties to a Specified Derivatives Contract to report to a licensed trade repository or licensed foreign trade repository. Read More
Australian entities dealing in OTC Derivatives are required to report transactions to the Australian Securities and Investments Commission. ASIC’s Derivative Transaction Rules provide a framework for the regulation of OTC derivatives reporting, clearing and trade execution. Read More