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SFC’s Consultation Conclusions and Further Consultation on Changes to Financial Resources Rules

Hong Kong Law

September 2017

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Charltons - Hong Kong Law - 378 - 01 September 2017

FRR rules SFC

Over-the-counter derivatives activities (OTCD) regulation

Capital regime for LCs engaging in OTCD activities

OTC central dealing desk dealer

Liquid Capital Regime

Minimum capital requirements for LCs dealing in OTCD activities

Regulated central counterparty-cleared RA11 dealers

Market Risk Approach

SMRA and BMRA charges

OTCD Counterparty Credit Risk Approach

SOCCRA and BOCCRA mechanisms

Transitional period for compliance with new FRR