Hkma and sfc issue joint consultation conclusions on updates to financial services providers list for otc derivatives clearing regime
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) and Securities and Futures Commission (SFC) today (June 27) issued joint consultation conclusions on the annual updates to the list of Financial Services Providers (FSP List) (Note 1) under the over-the-counter (OTC) derivatives clearing regime.
Having considered market feedback, the HKMA and SFC will implement the proposed changes to the FSP List as set out in the joint consultation paper (Note 2) with a minor modification to reflect a post-consultation change in the status of an existing FSP. The consultation conclusions paper and updated FSP List are available on the websites of the HKMAandSFC (Note 3).
Note 1: The FSP List includes entities that meet the following two criteria:
(a) They belong to a group of companies that appears on either the list of global systemically important banks published by the Financial Stability Board, or the list of dealer groups which undertook to the OTC Derivatives Supervisors Group to work collaboratively with central counterparties, infrastructure providers and global supervisors to continue to make structural improvements to the global OTC derivatives markets; and
(b) They are clearing members of the largest central counterparties offering clearing for interest rate swaps in the United States, Europe, Japan and Hong Kong.
Note 2: See the April 2024 joint consultation paper on the annual updates to the FSP List.
Note 3: The updated FSP List will be gazetted during the fourth quarter of 2024 for implementation on January 1, 2025.
Source: AI-generated images
Focus hong kong showcases vibrant film industry at bfi southbank in london with selection of hong kong films, emphasizing creativity and innovation
The Hong Kong Economic and Trade Office, London (London ETO) has partnered with Focus Hong Kong to showcase a selection of Hong Kong films at the British Film Institute (BFI) Southbank, London, United Kingdom, June 27 to 30 (London time).
Addressing the audience before the screening of "In Broad Daylight" on June 28, the Director-General of the London ETO, Mr Gilford Law, highlighted Hong Kong's vision of developing into an East-meets-West centre for international cultural exchanges as underpinned by the National 14th Five-Year Plan.
"Hong Kong has one of the largest and most dynamic film and entertainment industries in the world. The creativity exhibited by our directors and artists in exploring diverse themes and presenting impactful stories underscores Hong Kong's open and progressive environment, making it a beacon for creativity and innovation," he said.
The Focus Hong Kong summer offerings presented four films at the BFI, namely "The Wild, Wild Rose (4K Restored Version)", "In Broad Daylight", "The Sword (2KRestored Version)" and "Winter Chants". An online Q&A session with Director Tsang Tsui-shan of "Winter Chants" will be held after the screening on June 30 (London time).
Hong Kong films shine at British Film Institute in London Source: HKSAR Government Press Releases
Hong Kong films shine at British Film Institute in London Source: HKSAR Government Press Releases
Hong Kong films shine at British Film Institute in London Source: HKSAR Government Press Releases
Hong Kong films shine at British Film Institute in London Source: HKSAR Government Press Releases
Hong Kong films shine at British Film Institute in London Source: HKSAR Government Press Releases
