Tuesday June 5 2018

News Source: Global Exchanges

Focus: Other

Type: General

Country: Hong Kong

Link: https://bit.ly/2JhD22J




On 1st June 2018, amendments made to the Hong Kong Clearing Participant Rules  came into force. The amendments where issued and implemented by the Hong Kong Securities Clearing Company (HKSCC).

The amendments introduce confidentiality obligations for Clearing Participants when they receive information from the HKSCC relating to a Defaulter. The amendments will also revise the criteria for admission as a General Clearing Participant of HKSCC for those applicants which are registered institutions.

The marked-up version of the amendments can be downloaded from the following sections of the HKEX website:

  • “Rule Update – General Rules of CCASS”
  • “Rule Update – CCASS Operational Procedures”

For additional information please click the link above.