Hong Kong SFC Proposes Changes to the Position Limit Regime
The Securities and Futures Commission (SFC) today launched a consultation on proposed changes to the position limit regime for listed futures and options contracts.
A key proposal is to set out how the statutory prescribed limits and reporting requirements should be applied to unit trusts and sub-funds under an umbrella fund. Other proposed changes involve reportable positions in contracts traded on holiday trading days and the inclusion of a broader range of contracts which may be authorised by the SFC for excess positions.
"The position limit regime is essential to prevent the build-up of positions which may threaten the stability of the Hong Kong financial market,"said Mr Ashley Alder, the SFC's Chief Executive Officer."The proposed changes will address the needs of the market and better align the regime with the SFC's regulatory policies and objectives."
The commission invites the public to submit their comments by 27 June 2022.
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