OTC derivatives licensing regime: SFC concludes
consultation on regulatory scope and competence requirements
SFC Press Releases, 10 Jun 2020
The Securities and Futures Commission (SFC) today released a
consultation conclusions paper on proposals (Note 1) to refine the scope of
regulated activities so that the corporate treasury activities of non-financial
groups and certain portfolio compression services would not be captured under
the over-the-counter (OTC) derivatives licensing regime. The paper also sets
out the competence and continuous professional training requirements which will
apply to those licensed or applying to be licensed under the regime.
