Hong Kong (HKMA)

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:

– interest rate derivative contracts
– equity derivative contracts
– credit derivative contracts
– foreign exchange contracts
– commodity derivative contracts

where they are conducted or booked in Hong Kong.

Shekel Reporting

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.

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Information to be reported

Entities will be required to report the following:

– administration information, including who is submitting the report
– product class and product type
– days and periods relating to the transaction
– information and particulars of counterparties
– information and particulars relating to the pricing of the transaction
– information and particulars of all persons involved in the transaction
– information and particulars relating to the confirmation and execution of the transaction

We note, HKMA has further reporting requirements for information to be provided depending on the product class and product type.

Who is required to report?

The following entities are required to report in accordance with HKMA regulations:

– licensed banks
– restricted licensed banks
– deposit-taking institutions

What are our exact services?

Register your entity for an LEI
Extract trading date from your platforms
Convert trading date into the required formats
Submit trading data to HKMA
Reconcile trades as required by law
Provide a point of contact for any questions or concerns

How can we help you?

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.

Singapore Trade Reporting - MAS

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

Australia Trade Reporting - ASIC

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

UK & Europe Trade Reporting - EMIR / MiFID II

The UK and Europe have three different reporting requirements in the financial markets to be reported to a licensed trade repository. Read More