To support the implementation of the HKD-RMB dual counter initiative, the Rules and Procedures of HKSCC have been amended and approved by the Securities and Futures Commission. This includes the addition of a new Intra-day Counter Transfer Instruction which will enable CCASS Participants to transfer multi-counter securities more efficiently within their Stock Clearing Account. The changes will take effect upon the launch of the dual counter initiative, and a marked-up version of the amendments can be downloaded from the “Rule Update – General Rules of CCASS” and “Rule Update – CCASS Operational Procedures” sections on the HKEX website.
Resource: https://www.hkex.com.hk/-/media/HKEX-Market/Services/Circulars-and-Notices/Participant-and-Members-Circulars/HKSCC/2023/034_23_CCASSGR_OP_DCMM_e.pdf