FIA responds to Hong Kong SFC consultation on Position Limit Regime changes

22 December 2022

FIA has responded to the Hong Kong Securities and Futures Commission’s consultation conclusions and further consultation on changes to the Position Limit Regime.

The SFC’s consultation conclusions address a number of key points set out in FIA’s response to the SFC’s earlier consultation on position limits. In particular, the SFC will look to align the SFC and Hong Kong Exchanges and Clearing (HKEX) position limit regimes in relation to any new futures and options contracts based on underliers relating to the HSI, HSCEI and Hang Seng TECH Index.

FIA expresses support for the proposals in the further consultation, in particular, the SFC's decision to amend the applicable rules to facilitate the implementation of the HKEX’s recommendations to revise or remove certain position limits applicable to various contracts.

FIA has also requested more guidance on how participants can meet certain requirements, such as observing position limit compliance and fulfilling reporting obligations at the sub-fund level, and for clarification on certain aspects of the consultation conclusions.

 Read the full response here. 

  • FIA
  • Advocacy
  • Asia-Pacific
  • Position Limits
  • Public Policy Submissions
  • Regulatory Responses