The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have jointly issued the consultation conclusions on proposed amendments to the over-the-counter (OTC) derivatives transaction requirements under the Clearing Rules. This follows a period of public consultation aimed at refining the regulatory framework governing OTC derivatives in Hong Kong. The amendments are designed to enhance the efficiency and stability of the OTC derivatives market by updating the clearing requirements. The joint effort by HKMA and SFC underscores their commitment to maintaining robust financial market infrastructure and aligning with international standards.