HKMA Reporting Regulation

What is HKMA Reporting?

HKMA Reporting refers to the requirement put in place by the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) of Hong Kong for firms to submit details of their derivatives transactions to the HKMA trade repository.

Who is impacted by the regulation?

The reporting obligation is double-sided, with all of the following firm types are required to report:

  • Authorised institutions (see the HKMA Register of Authorised Institutions for this)
  • Approved money brokers (see the latest HKMA list of approved money brokers)
  • Licensed Corporations (see the SFC public register of licensed persons & registered institutions)
  • Recognised clearing houses

There is an exemption for firms with under USD 30 million of aggregate gross notional for the product class in question.

Which trades need to be reported?

Only OTC interest rate swaps and FX non-deliverable forwards (NDFs) needed to be reported under Phase 1. However, Phase 2 includes OTC derivatives in the following asset classes:

  • Credit
  • Commodities
  • Equities
  • FX (reportable forwards are those with delivery over 7 days in the future)
  • Rates

These instruments are only reportable where they involve or reference a currency, or rate or yield denominated in that currency where that is in a predetermined list set by the HKMA. This list comprises 176 currencies, including all the majors. It is included alongside a list of specified floating interest rate indices for which interest rate swaps are reportable. Intra-branch and inter-branch trades are not reportable.

When is the deadline for reporting?

T+2, two business days after the trade is executed.

How can LSEG Post Trade help?

When harnessed, regulation can be powerful. Through years of expertise and trusted data accuracy, Regulatory Reporting can help you reframe regulation, so it’s no longer a hindrance, but an opportunity. To find out we can help you meet your HKMA reporting obligations, visit our G20 Reporting solution page.

Recommended solution

Factsheet

Want to find out more about our products?

Our sales team can provide help and expertise with your product-related queries.

By submitting this form, you agree to your personal data being shared within the London Stock Exchange Group of companies (LSEG) for the purpose of receiving communications via post, phone and electronic means from LSEG about event, resources, products, and/or services.

For more information on how LSEG uses your data, see our Privacy Statement. You can adjust your preferences at any time through the preference link in any electronic communication that you receive from us.

Global Customer support

Regulatory reporting offers a follow the sun support model to our clients. In addition to the proactive monitoring of our regulatory reporting platform, we also provide 24x7 hardware and infrastructure monitoring as standard.

Call our customer support line: +44 (0)20 7797 1122

Disclaimer

Content on this page is not intended as an exhaustive or definitive guide to the regulations, and is not the views of LSEG, but for general information purposes only. For detailed and up to date guidance on regulation you should always seek specialist advice and/or consider the actual regulation itself.