The European Securities and Markets Authority (ESMA) has published a Memorandum of Understanding (MoU) that it entered into with the Hong Kong Securities and Futures Commission (SFC) to allow the exchange of information on derivative contracts held in trade repositories.
Unlike the MoUs entered into between ESMA and the Australian Securities & Investments Commission in November 2104 and the Reserve Bank of Australia in February 2015, which provide for a direct access to trade repository data, this MoU allows ESMA and the SFC to have indirect access to trade repositories established in the EU and Hong Kong through exchanges of information.
This type of agreement is the result of a Financial Stability Board recommendation intended to overcome legal barriers to accessing data on derivatives trades. The MoU came into effect on 19 November 2015.
View ESMA and SFC to exchange information on derivative contracts held in trade repositories, 26 November 2015