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  1. #1978900

    Na socruithe dlí, maoirseachta agus forfheidhmiúcháin is infheidhme maidir le “hinstitiúidí údaraithe” (“AInna”) (mar a shainmhínítear in alt 2(1) den Banking Ordinance (“BO”), ar a n-áirítear bainc cheadúnaithe, bainc lena ngabhann ceadúnas srianta, agus cuideachtaí glactha taiscí) i Hong Cong i dtaca le hidirbhearta ar chonarthaí díorthach nach bhfuil imréitithe go lárnach, leagtar amach iad in Supervisory Policy Manual, i modúl CR-G-14 de dar teideal Non-centrally Cleared OTC Derivatives Transactions – Margin and Other Risk Mitigation Standards [Idirbhearta Díorthach Thar an gCuntar Nach bhFuil Imréitithe go Lárnach – Caighdeán maidir le hÉarlais agus le Maolú Riosca Eile] (the Policy Manual [an Lámhleabhar Polasaí]) de chuid an Hong Kong Monetary Authority [Údarás Airgeadaíochta Hong Cong] (“HKMA”), ar treoirlíne reachtúil é a eisíodh faoi alt 7(3) de BO.

    The legal, supervisory and enforcement arrangements applicable to ‘authorised institutions’ (‘AIs’) (as defined in section 2(1) of the Banking Ordinance (‘BO’), consisting of licensed banks, restricted licence banks and deposit-taking companies) in Hong Kong for transactions on non-centrally cleared derivative contracts are set out in Supervisory Policy Manual module CR-G-14 entitled ‘Non-centrally Cleared OTC Derivatives Transactions – Margin and Other Risk Mitigation Standards’ (‘the Policy Manual’) of the Hong Kong Monetary Authority (‘HKMA’), a statutory guideline issued under section 7(3) of the BO.

    Commission Implementing Decision (EU) 2021/1107 of 5 July 2021 on the recognition of the legal, supervisory and enforcement arrangements of Hong Kong for derivatives transactions supervised by the Hong Kong Monetary Authority as equivalent to certain requirements of Article 11 of Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories (Text with EEA relevance)

  2. #1978948

    Chun críocha Airteagal 13(3) de Rialachán (AE) Uimh. 648/2012, socruithe dlí, maoirseachta agus forfheidhmiúcháin Hong Cong i dtaca le deimhniú tráthúil, comhbhrú agus réiteach punainne, luacháil agus réiteach díospóidí is infheidhme maidir le hidirbhearta a rialaítear mar dhíorthaigh thar an gcuntar ag an Hong Kong Monetary Authority (“HKMA”) agus nach bhfuil imréitithe go lárnach ag contrapháirtí lárnach, measfar iad a bheith coibhéiseach leis na ceanglais a leagtar amach i míreanna 1 agus 2 d’Airteagal 11 den Rialachán sin, i gcás inar institiúid údaraithe mar a shainmhínítear in alt 2(1) den Banking Ordinance [Reacht Baincéireachta] ar a laghad contrapháirtí amháin de na contrapháirtithe, institiúid atá faoi réir na gceanglas um maolú riosca a leagtar amach in Supervisory Policy Manual HKMA, modúl CR-G-14 de dar teideal Non-centrally Cleared OTC Derivatives Transactions – Margin and Other Risk Mitigation Standards [Idirbhearta Díorthach Thar an gCuntar Nach bhFuil Imréitithe go Lárnach – Caighdeáin maidir le hÉarlais agus le Maolú Riosca Eile].

    For the purposes of Article 13(3) of Regulation (EU) No 648/2012, the legal, supervisory and enforcement arrangements of Hong Kong for timely confirmation, portfolio compression and reconciliation, valuation and dispute resolution that are applicable to non-centrally cleared derivative transactions regulated by the Hong Kong Monetary Authority (‘HKMA’) shall be considered equivalent to the requirements set out in paragraphs 1 and 2 of Article 11 of that Regulation where at least one of the counterparties to such a transaction is an authorised institution as defined in section 2(1) of the Banking Ordinance and subject to the risk mitigation requirements set out in the HKMA’s Supervisory Policy Manual module CR-G-14 entitled ‘Non-centrally Cleared OTC Derivatives Transactions – Margin and Other Risk Mitigation Standards’.

    Commission Implementing Decision (EU) 2021/1107 of 5 July 2021 on the recognition of the legal, supervisory and enforcement arrangements of Hong Kong for derivatives transactions supervised by the Hong Kong Monetary Authority as equivalent to certain requirements of Article 11 of Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories (Text with EEA relevance)