The Hong Kong Securities and Futures Commission issued a consultation on its proposal to increase the cap on excess position limits that may be granted to exchange participants or affiliates trading Hang Seng Index and Hang Seng China Enterprises Index futures and options contracts. In addition, SFC proposed to enable market makers, and liquidity providers of exchange-traded funds as well as locally authorized asset managers to also apply for higher limits. Traders in Hong Kong are subject to position limits on enumerated derivatives contracts and a large trader position-reporting regime. SFC will accept comments on its proposal through November 21.
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HK Derivatives Regulator Proposes to Amend Position Limits Regime to Authorize Higher Excess Levels
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