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Recital 6

Recital 6

(6)The legally binding requirements of Hong Kong for CCPs authorised therein consist of the Clearing and Settlement Systems Ordinance (‘CSSO’) and the Securities and Futures Ordinance (‘SFO’). Entities authorised under the CSSO are regulated by the Hong Kong Monetary Authority (‘HKMA’) and entities authorised under the SFO are regulated by the Hong Kong Securities and Futures Commission (‘SFC’). CCPs in Hong Kong have been authorised under the SFO only. This Decision should be therefore limited to the regime set out under the SFO.

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