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The Hong Kong Monetary Authority (HKMA) today announced that the OTC derivatives trade repository (HKTR) system will remove the fees cap per reporting entity per annum effective from 1 July 2017. The maximum annual fees payable has been increased in 2015 to HK$1.5 million ($193,400) per reporting entity from a previous HK$1 million.
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The move is the latest effort to secure more funding from HKTR participants as the trade repository seeks to recover the operating costs for providing day-to-day reporting services. According to the ... (read more)