Overview

The G20 Leaders agreed that all OTC derivatives contracts should be reported to trade repositories as part of their commitment to reform OTC derivatives market in order to improve transparency, mitigate systemic risk and protect against market abuse.

This seminar aims to facilitate participants’ understanding of how OTC derivatives reporting requirements have been implemented in Hong Kong and what enhancements are expected in the future.

Content

‧ Background
‧ Phase 1 and Phase 2 Reporting Requirements
‧ Reporting Barriers and Masking Relief
‧ Legal Entity Identifiers
‧ Unique Transaction Identifiers
‧ Other Data Harmonisation Efforts

Financial Incentive Scheme of the WAM Pilot Programme

This course has already been approved as an eligible course of the Financial Incentive Scheme for Professional Training (“the Scheme”) under the Pilot Programme to Enhance Talent Training for the Asset and Wealth Management Sector (“the Pilot Programme”). The Scheme aims to enhance the competency and professionalism of in-service practitioners within the asset and wealth management sector and to assist other practitioners within the financial services industry in acquiring the knowledge and skills required for entering the sector. Eligible applicants will be subsidised 80% of the course fees by the HKSAR Government upon satisfactory completion of the courses approved by Hong Kong Securities and Investment Institute, subject to a ceiling of HK$15,000. Hong Kong Securities and Investment Institute is appointed as the implementation agent of the Pilot Programme. Regarding the details of eligible criteria and application procedures, please refer to the dedicated web-site of the Pilot Programme (https://www.wamtalent.org.hk/).