Circular in relation to the clearing and record keeping rules for the OTC derivatives regime – changes to the list of persons designated as financial services providers
Worth readingOTC derivatives
What the SFC said
The revised list of persons designated as financial services providers under the OTC derivatives Clearing Rules is gazetted today and takes effect on 1 January 2026. Licensed persons whose average OTC derivatives position reaches the USD 20 billion clearing threshold must centrally clear relevant transactions, including those with FSPs.
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