Circular to licensed corporations – Deferral of margin requirements for non-centrally cleared equity options

The SFC will delay the effective date of its margin requirements for non-centrally cleared single-stock options, equity basket options, and equity index options by two years to 4 January 2026. This move is in line with global developments, as the UK’s Prudential Regulation Authority and Financial Conduct Authority extended temporary exemptions from UK bilateral margining requirements from 4 January 2024 until 4 January 2026. The SFC will amend Paragraph 7(e) of Part III of Schedule 10 to the Code of Conduct accordingly.

Resource: https://apps.sfc.hk/edistributionWeb/gateway/EN/circular/intermediaries/supervision/doc?refNo=24EC3

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