Hong Kong Regulator Revises Fees Plan for Reporting via HKTR Trade Repository
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Hong Kong Regulator Revises Fees Plan for Reporting via HKTR Trade Repository
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)
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