An Overview of the Hong Kong and Singapore Regulatory Framework for Derivatives
Wednesday, January 22, 2025Online
Member US$350.00
Non-Member US$400.00
Register for An Overview of the Hong Kong and Singapore Regulatory Framework for DerivativesThis event will look at the Hong Kong and Singapore regulatory framework applicable to derivatives, including the licensing requirements and the rules governing clearing, margining and reporting of derivatives.
This course would be relevant to market participants looking to become familiar with the laws and regulations applicable to carrying on derivatives business as well as the regulatory aspects of trading in derivatives.
Registration for this event will close 2 hours before the live broadcast
This is an ISDA Virtual Conference:
- Event will be live on January 22, 2025 from 9:00 AM - 12:20 PM HKT/SGT | Timezone Converter
- Miss part of the event or aren't able to watch live? The recording will be available to registrants until February 22, 2025
Educational Credits
3.5 CLE Credit Hours (New York) Available – Transitional and Non-Transitional
3.5 CPE Credit Hours (NASBA) Available
3 CPD Credit Hours (England and Wales) Available
ISDA is recognized by the Securities and Futures Commission (“SFC”) as an approved Continuous Professional Training (“CPT”) course provider. Please click here for more information on SFC’s Guidelines on CPT.
This event is pending SILE accreditation.
Public CPD Points: 3 (TBC)
Practice Area: Banking and Finance
Training Level: Intermediate
Participants who wish to obtain CPD Points (SILE) are reminded that they must comply strictly with the Attendance Policy set out in the CPD Guidelines. For this activity, this includes logging in at the start of the webinar and logging out at the conclusion of the webinar in the manner required by the organiser, and not being away from the entire activity for more than 15 minutes. Participants who do not comply with the Attendance Policy will not be able to obtain CPD Points for attending the activity. Please refer to http://www.sileCPDcentre.sg for more information.
9:00 AM Welcoming Remarks Sonal Pattnayak
9:05 AM Singapore Regulatory Regime for Derivatives Covering Licensing, Clearing, Margining and Reporting Francis Mok, Catherine Neo
- Licensing requirements for derivatives
- Definition of “derivatives contracts”
- Distinguishing between derivatives and other regulated products, such as securities and deposits/structured deposits/dual currency investments
- Licensing exemptions for dealing in derivatives contracts, including the exemption framework for foreign offices/related corporations
- Licensing of commodity trading under the Commodity Trading Act
- Licensing of exchanges/markets; distinguishing between dealing in derivatives and operating a market for derivatives
- Key conduct of business requirements for derivatives
- Client money/asset requirements
- Confirmations/statements of account
- Risk disclosure requirements
- Risk mitigation requirements
Catherine Neo, Partner, Allen & Gledhill LLP
9:50 AM Break
9:55 AM Singapore Regulatory Regime for Derivatives (Continued)
- Mandatory reporting of OTC derivatives to the Trade Repository: scope, requirements and exceptions
- Mandatory margining of OTC derivatives: scope, requirements and exceptions
- Mandatory clearing of OTC derivatives: scope, requirements and exceptions
- Mandatory trading of OTC derivatives: scope, requirements and exceptions
10:40 AM Break
10:45 AM Hong Kong Regulatory Regime for Derivatives Covering Licensing, Clearing, Margining and Reporting Francis Edwards, I-Ping Soong
The speakers will cover the following topics with respect to OTC derivatives in the main asset classes, namely FX, IRS, equity, credit and will also consider new asset classes such as voluntary carbon credits and digital assets.
- Definition of OTC derivatives product
- Licensing and the consequences of carrying out regulated activity:
- The existing regulated activities under the Securities and Futures Ordinance: dealing in securities, advising on securities, dealing in futures, and leveraged foreign exchange trading
- Application to derivatives and exceptions.
- The new regulated activities (not yet in force): Type 11 regulated activity (dealing in OTC derivative products) and Type 12 regulated activity (provision of clearing and settlement services)
- Interaction between existing and new regulated activities
- Price taker and other exceptions to Type 11
- Other licences relevant to derivatives
- Mandatory clearing of OTC derivatives: scope, requirements and exceptions
- Mandatory margining of OTC derivatives: scope, requirements and exceptions
- Mandatory reporting of OTC derivatives to the Hong Kong Trade Repository: scope, requirements and exceptions
I-Ping Soong, Partner, Capital Markets, Linklaters
11:30 AM Break
11:35 AM Hong Kong Regulatory Regime for Derivatives (Continued)
12:20 PM Conference Concludes
Agenda is subject to change.