HK Regulators Propose Fixed OTC Clearing Periods from 2027

Hong Kong OTC clearing periods could be permanently standardised from 2027 under a joint proposal by the Securities and Futures Commission and the Hong Kong Monetary Authority.

The regulators launched a consultation to fix the annual calculation periods used under the city’s OTC derivatives clearing regime, aiming to reduce frequent rule changes.

If adopted, the rules would designate two fixed windows each year—March 1 to May 31 and September 1 to November 30—giving market participants greater certainty when managing mandatory central clearing thresholds.

Feedback is invited by February 27, 2026, with rule amendments effective from March 1, 2027.