Pursuant to paragraph 20.5 of the Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission (Code of Conduct), the following jurisdictions have been determined by the SFC to be comparable OTCD jurisdictions: Australia, Canada, Mainland China, France, Germany, Ireland, Italy, Japan, the Netherlands, Republic of Korea, Singapore, Spain, South Africa, Switzerland, the United Kingdom and the United States of America.
For the purposes of paragraphs 20.2 to 20.4 of the Code of Conduct, the SFC would consider a corporation to be regulated as an OTC derivative dealer or a bank in a way that is similar to the way the OTC derivative dealing activities of a licensed corporation or an authorised financial institution (as case may be) is regulated in Hong Kong if the corporation is regulated, in respect of its OTC derivative dealing activities, in a comparable OTCD jurisdiction by a regulator named below in respect of the jurisdiction:
| Jurisdiction |
Regulatory authority |
|---|---|
| Australia | Australian Prudential Regulation Authority Australian Securities and Investments Commission |
| Canada | Office of the Superintendent of Financial Institutions Ontario Securities Commission Autorité des marchés financiers (AMF) |
| Mainland China | China Banking and Insurance Regulatory Commission China Securities Regulatory Commission |
| France | Autorité de Contrôle Prudentiel et de Résolution (ACPR) Autorité des marchés financiers (AMF) |
| Germany | Federal Financial Supervisory Authority (BaFin) |
| Ireland | Central Bank of Ireland |
| Italy | Bank of Italy Commissione Nazionale per le Società e la Borsa (CONSOB) |
| Japan | Financial Services Agency |
| Netherlands | De Nederlandsche Bank (DNB) The Dutch Authority for the Financial Markets |
| Republic of Korea | Financial Supervisory Service (FSS) Financial Services Commission (FSC) |
| Singapore | Monetary Authority of Singapore |
| Spain | Banco de España (BdE) Comisión Nacional del Mercado de Valores (CNMV) |
| South Africa | South African Reserve Bank Financial Sector Conduct Authority |
| Switzerland | Swiss Financial Market Supervisory Authority (FINMA) |
| United Kingdom | Prudential Regulation Authority Financial Conduct Authority |
| United States of America | The Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency Commodity Futures Trading Commission Securities and Exchange Commission |
Last update: 17 May 2019