HKIDR applies to on-exchange orders, and off-exchange orders and off-exchange trades reportable to SEHK under the SEHK rules in securities listed or traded on SEHK’s trading system (except for odd lots traded on SEHK’s odd lot/special lot market and transactions reported via SEHK’s trade amendment system). Therefore, a fixed income/bond instrument that is traded off-exchange but is not reportable to SEHK under its rules is not subject to the HKIDR requirements.
A. FAQs on the product scope of HKIDR
For fixed income/bond instruments (e.g. debt securities under Chapter 37 of the Listing Rules of SEHK) that are listed on SEHK but are not traded on SEHK’s trading system (i.e. trading purely over-the-counter between counterparties) and are not reportable by EPs to SEHK pursuant to its rules, are they in scope for BCAN tagging under the HKIDR?
Q2 : Are primary market creation and redemption orders submitted by participating dealers (by instruction from their clients) in respect of exchange-traded funds (“ETF”) subject to the HKIDR and the OTCR?
Last update: 21 Jan 2022