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The Corporate Treasurer recently picked up a legal alert written by Scott Carnachan for an article discussing how non-financial companies with exposure to over-the-counter derivatives are set to escape onerous reporting rules.
Scott commented: “Initial reporting obligations will be limited to regulated entities such as banks, approved money brokers and SFC-licenced corporations where either they are counterparties to reportable transactions or they conduct trades in Hong Kong on behalf of their affiliates [acting as counterparty].”
Please click here to read the article.
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