HKTR OTC Derivatives Reporting Reform

August 2025

SFC Licensed Corporations are required to report its over-the-counter derivatives (OTCD) transactions to the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) through the Hong Kong Trade Repository (HKTR). The HKMA, together with the Government and the SFC, built a regulatory regime for the OTCD markets (OTC Regulatory Regime) and local HKTR reporting requirements.

To align Hong Kong's HKTR reporting with global standards, HKMA and SFC issued a joint consultation paper which introduced 4 major changes to HKTR reporting which will go live on 22 September 2025:

1. Use of global Unique Transaction Identifier (UTI)
2. Implementation of Unique Product Identifier (UPI)
3. Replacement of HKTR reporting fields with global OTCD Critical Data Elements (CDE)
4. Adoption of ISO 20022 for reporting purposes