Navigating HKMA Rewrite: Key Updates in OTC Reporting

In this podcast, DTCC’s Aaron Chen, Head of RDS Product Management for APAC provides an update on the Hong Kong Rewrite.

Learn how DTCC Consulting experts assist clients with regulatory change support as well as reporting and control optimization

• Implementation Date: The Hong Kong Rewrite will be implemented on September 29, 2025, following similar rewrites in Japan, Singapore, and Australia.
• Unique Reporting Requirements: The Hong Kong Trade Repository has specific operational requirements, including a total of 183 distinct reportable data elements, which is higher than those in other regions like MAS and ASIC.
• Challenges in Transition: Key challenges include the mandatory use of ISO XML for submissions, UTI sharing among counterparties, and ensuring data quality despite acceptance by the TR. DTCC has tools to assist firms with these challenges.
• Testing and Support: DTCC has provided a testing utility to help firms prepare for the implementation, emphasizing the importance of thorough testing to ensure a smooth transition.

Learn more about DTCC’s Repository & Derivatives Services