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HK regulators extend deadline for mandatory use of Legal Entity Identifiers in OTC derivative trades

The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have confirmed the deadline for the mandatory implementation of Legal Entity Identifiers (LEIs) in trade activities for over-the-counter (OTC) derivatives, extending the suggested transition period by three months. In the consultation conclusion published yesterday, the regulators said they received “market feedback” that participants require more than the…

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