HKMA mulls over charging for mandatory trade reporting service
The Hong Kong Monetary Authority has begun discussions with OTC derivative market players on whether to charge for use of its trade reporting service
The Hong Kong Monetary Authority (HKMA) is considering charging market participants a levy to use its trade reporting service once the regulator’s over-the-counter derivatives trade repository is fully operational, it has confirmed to Asia Risk.
The HKMA first raised the possibility that the service would carry a levy in mid-November during meetings with the Treasury Markets Association’s trade repository working group, although discussions are at a very early stage.
The regulatory body intends
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