On 19 December 2023, HK SFC issued press release confirming the 22 December 2023 effective date for position limit enhancements, outlined key changes and reiterated the aim to give more clarity on regulatory requirements re funds, facilitate compliance and provide more flexibility to the market. To help market participants understand the amendments, HK SFC has…

On 15 December 2023, HKEX issued circular re implementation of consultation conclusions from June 2023, regarding enhancements to the position limit regime in Hong Kong. Implements the proposal to enhance the exchange-level position limits for stock options contracts by increasing the number of position limit tiers from three to five.

On 15 August 2023, CBOE BZX fined Goldman Sachs re options position limits. CBOE BZX issued letter of consent to Goldman Sachs on position limit procedures. Allegations From about October 2018 to February 2021, Goldman Sachs reported 17,600 positions in 23,500 instances with incorrect effective date, due to technological system logic issue. Impacted Large Options…

On 5 June 2023, HK SFC concluded consultation on changes to position limit regime. The proposed changes include imposing obligations on asset managers of funds and amending the Securities and futures (contracts limits and reportable positions) rules. Plans for the law changes to be effective in Decemebr 2023, pending the legislative process.

On 21 December 2021, GE BaFin sets draft position limit for significant contracts. GE BaFin announced hearing on the setting of a new position limit for Phelix Power DE Future (Base) contracts, Phelix Power DE Option (Base) contracts (EU Enrg EEX). Issued a general ruling to take effect on 28 February 2022 from which date…