The SFC and HKMA set fixed twice-yearly calculation periods from 2027, replacing the current framework that requires periodic legislative updates.
Hong Kong’s Securities and Futures Commission and the Hong Kong Monetary Authority have issued joint consultation conclusions on revisions to OTC derivatives transaction requirements under the Securities and Futures Ordinance. From March 1, 2027, the regulators plan to introduce two standard calculation periods each year, running from March 1 to May 31 and from September 1 to November 30. The new structure will replace the current approach, which requires periodic legislative updates, marking a procedural shift in how Hong Kong applies parts of its OTC derivatives clearing framework.