Securities and Futures (Licensing And Conduct Of Business) Regulations
Sets out requirements for licensing, representative notification and conduct of business, and criteria for exemptions from licensing.
Guidelines
Guidelines on Risk Mitigation Requirements for Non-Centrally Cleared Over-the-Counter Derivative Contracts
Provides guidance on the risk mitigation measures for dealing in Over-the-Counter (OTC) derivatives that are not centrally cleared.
These guidelines apply to banks, merchant banks and finance companies which deal in capital markets products that are OTC derivatives and not centrally cleared by a clearing house.
They set out guidance on policies and procedures that the financial institution should put in place to govern the relationship with its counterparty in relation to:
- Trading relationship
- Trade confirmation
- Valuation
- Portfolio reconciliation
- Portfolio compression
- Dispute resolution