Guotai junan international your wealth management expert. Hkex is targeting a q1 2022 launch for the new settlement platform, which will automate and streamline post trade processes and improve settlement efficiency. Cbbc manual transactions note 1 for the day of 17032021. Hong kong regulatory update september 2020 skadden, arps. Hsbc, stanchart, others launch hk blockchain trade finance.
Supervisory policy manual crs4 new share subscription and share margin financing v. Regarding the delay in publishing the 2017 results, sanai claimed that further time was required to. The execution report for automatched trade cancelled by exchange provides the execution id of the original trade execrefid19 for fix protocol or reference execution id for binary protocol to identify the original trade. There was a conflict between brokers trade execution and reporting duties sehk sfc rule breaches. Update 1hong kong exchange plans smart contract solution for. For negotiated large trades, you must provide the trade report code in the code field. By logging into this website, you are deemed to have read and accepted the terms and conditions for client connect last updated on 12mar2019, and to confirm that the individua. Hkex is a recognized exchange controller under the securities and futures ordinance chapter 571 of the laws of hong kong. Hkex targets company disclosure gaps with artificial. Hong kong regulatory update insights skadden, arps, slate.
Hk said on tuesday it will introduce a new platform with socalled smart contracts to. However, nonprofit organizations are considered to be engaged in a trade or business and are subject to these reporting requirements. Find information for the hkex s news, market data, stock quotes, market data, listing matter, products information and. Appendix 27 environmental, social and governance reporting guide. For statistical purposes, you report information about trade among eu countriesregions every month. Welcome to hong kong exchanges and clearing market website. Etp, cmu, dtc post trade settlement self built excel automation 40% manual work eliminated stock reconciliation operation streamlining and improvement workflow procedure compression system enhancement project and uat communication with brokers, banks and fund manager agreement handling between market makers and participants. But, for a sgd trade, bank may be required to clear through sgx. What is the price reporting mechanism for standard combination trade. If the parties to the trade agree within 10 minutes after the alert is broadcast that it is an error trade, and if hkex receives no objections from exchange participants within the same 10minute period, the trade will be cancelled. Hkex andor its subsidiaries endeavour to ensure the accuracy and reliability of the information provided, but do not guarantee its accuracy and reliability and accept no liability whether in tort or contract or otherwise for any loss or damage arising from any inaccuracy or omission or from any decision, action or nonaction based on or in. Hong kong exchange, accountants mull extending reporting. For the avoidance of doubt, the hktr does not match and confirm transactions not intended for central clearing at the ccp of the hkex. International asset managers and brokers have had to create bespoke, often manual, processes to trade chinese shares though stock connect, which has deterred some from using the scheme.
You are engaged in a trade or business if you operate for gain or profit. Central moneymarkets unit otc derivatives trade repository. Charmaine cheng surveillance analyst jpmorgan chase. Special block trade margin sbtm will be applied as usual. Manual trades duty of eps to report manual trades within 15 minutes of trade execution on t, and not later than 9. This manual has been compiled by customs and border protection as a joint effort with the foreign trade zones board, the u. Hyperlinked cross references are now available in the html versions. View important information issued by hkex to exchange and clearing house participants, market data vendors and hosting services members. Section 2 client connect overview updated as of april 2019.
Information to accompany directors report and annual financial statements 18. Hong kong regulatory update insights skadden, arps. Cbbc manual transactions for the day hong kong stock. Sep 30, 2020 similar failures occurred in sanais reporting in 2015 and 2016, resulting in suspensions of trade in the companys shares on each occasion and warning letters from hkex. Hong kong exchanges and clearing limited sustainable stock. Regarding the delay in publishing the 2017 results, sanai claimed that further time was required to resolve nonrecurring and unpredictable audit issues. Appendix 25 content of a competent persons report for petroleum reserves and resources. Alexey sukhov senior qa team lead, posttrade platform.
Hkex is launching hkex synapse, a new integrated settlement platform, to complement the existing post trade infrastructure for northbound stock connect. The exchange is responsible under statute for ensuring, so far as reasonably practicable, that the hong kong markets are fair, orderly and informed the exchanges statutory duty. Standard combination trades are reported in corresponding legs of the standard combination series. Use the intrastat journal to report information about trade among eu countriesregions. Hkex implemented a closing auction session cas in two phases on 25 july 2016 and 24 july 2017. Retrieval of reports through ccass terminals participant gateways. Hong kong exchanges and clearing limited sustainable. Market data data shop analytical products market data policy trade results historical data tariffs manual trade reporting mobile application. Etl using ssis sql server integration services process testing from clearing houses source files frequency. Cbbc liquidity provider cbbclp and or relevant exchange participants ep who acts for the account of the issuer or its associates shall be subject to existing rules governing transactions not concluded by automatic order matching, including direct business and nondirect business transactions,in accordance with. Exchange on manual trade, short selling and china connect trading activities collectively. Report on form 1099misc only when payments are made in the course of your trade or business. It is a valuable resource for companies aiming to evaluate the way in which they may use different.
In the past two years, some examples of this work include its nextgeneration post trade platform, stock connect programs, and the buildout of its data marketplace platform. Trade reporting service the hktr provides an electronic system for collecting, keeping and maintaining details of otc derivatives transactions efficiently and securely, primarily for market participants to meet the statutory reporting requirements under the otc regulatory regime, and the interim reporting requirements. Manual trade reporting position limit and large open position reporting 2017 2018 2019 priority areas coverage results 744 sehk 375 800 100% questionnaire response rate 12% compliance advice letters 46 20 onsite inspections 100% questionnaire response rate 11% compliance advice letters 81 20 onsite inspections. Sfc has published an outline of part xv which gives extensive guidance on the situations in which a disclosure of interests notice will have to be filed, and related matters. Structured products trading information and historical data cbbc manual transactions for the day. Hong kong exchange plans smart contract solution for stock. Compliance reminder on reporting of manual trades hkex. Means a trade concluded through the otpc by automatic matching of buy and sell orders submitted by exchange participants. Seminar on 2017 sehk rule enforcement annual attestation and inspection programme compliance reminder on reporting of manual trades compliance. Appendix 23 corporate governance report merged with appendix 14 appendix 24 headline categories.
Census bureau and the national association of foreign trade zones. Order and manual trade input on these nonpos securities during the enhanced pos will be rejected. Update 1hong kong exchange plans smart contract solution. Neither the sfc nor hkex can advise the public how to fill in the di forms or answer queries on individual cases. A was required to report cross trades to sehk within the timeframes as set out under rule 526 of the rules of the exchange. If reading online, click on blue underlined headings to. Broker a was aware of its reporting duties, but failed to completely report all of the late cross trades. Performed an analyst support role under a confidential compliance project based in hong kong. Refer to the exchanges documentation on the requirements for reporting the trade purpose. Reference manual, it will take at least 10 business days prior to the membership. Trading is input of manual trade allowed during cas. Handled applications supporting securities and trading, stock exchanges.
The solution aims to standardise and streamline post trade processes and work. After the launch of cas in the securities markets, will there be any impact on the automatic exercise of stock. You can print the intrastat report, based on the report format mapping settings on the foreign trade parameters page. Hong kong china stock connect china connect is a mutual market access program through which hong kong and international investors can trade shares listed on the shanghai stock exchange sse and shenzhen stock exchange szse via the stock exchange. Report offexchange trades as soon as you can transaction type person liable to report reporting deadline nondirect business transactions 501e2, 5201 selling ep within 15 minutes after the conclusion of the transaction direct business transactions 501f1, 5261 the ep conducting direct. This is a required field for hkex interbank and internal trades. Their contributions to this document are appreciated. Section 1 introduction updated as of december 2019. After receiving a claim, hkex will immediately broadcast an alert on the derivatives markets trading system about the claim and the possible cancellation of the trade. Keith yip officer exchange traded products, depository. Failure to report manual trades to the exchange within the prescribed timeframe due to ineffective or inappropriate operation and. Hkex for matching and confirming otc derivatives transactions eligible and intended for central clearing at the ccp of the hkex, and submitting the confirmed details of the transactions to it for clearing. X means a trade concluded by exchange participants not through the otpc by automatic matching of orders and the selling party is responsible to report the trade details to the exchange through the otpc.
The securities eligible for the cas include all constituents of the hang seng composite largecap, midcap and smallcap indices, h. Annual report of open joint stock company moscow exchange micexrts for 2012 pdf, 4 mb interactive annual report for 2012 annual report of moscow exchange 20 pdf, 10 mb. All standard combination trades are reported in hkats through the ticker, company trades and clearing trades windows. Trading of these securities, and acceptance of order and manual trade input, will start in the cts instead.
Et net news agency, 23 march 2021 2 nondirect manual trades of 144,000 shares of hkex 00388 were registered at 3. Similar failures occurred in sanais reporting in 2015 and 2016, resulting in suspensions of trade in the companys shares on each occasion and warning letters from hkex. The hkex rules, interpretation and guidance are maintained by thomson reuters governance, risk and compliance to organise the materials for greater accessibility. Intrastat overview finance dynamics 365 microsoft docs. Hong kong, nov 24 reuters hong kong exchanges and clearing ltd hkex 0388. Q12 as trade information will be required to report to the hktr, is conflict of. Appendix 14 corporate governance code and corporate. As chair of the crd, i welcome the esg disclosure handbook. Hong kong china stock connect china connect is a mutual market access program through which hong kong and international investors can trade shares listed on the shanghai stock exchange sse and shenzhen stock exchange szse via the stock exchange of hong kong sehk and their existing clearinghouse.
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