• HK SFC issued consultation paper on proposed changes to the position limit regime.
• Proposed changes address recent developments in Hong Kong's securities and futures markets, and align the requirements with HK SFC’s regulatory policies and objectives.
• Follows May 2017, HK SFC said new position limit regime effective June.

Consultation

• One of the key proposals sets out how the statutory prescribed limits and reporting requirements should be applied to unit trusts and sub-funds under an umbrella fund.
• As well as reportable positions in contracts traded on holiday trading days, inclusion of a broader range of contracts which may be authorized by SFC for excess positions.

Effectiveness

• Comments shall be submitted no later than 27 June 2022.