The Bank reports its transactions to the HKTR, operated by the HKMA.
As the HKTR is a centralized registry that maintains an electronic database of records of OTC derivatives transactions. By collecting and providing OTC derivatives transaction information to regulatory authorities, the HKTR plays a vital role in helping authorities to carry out their market surveillance responsibilities.
This will help maintain the stability of the financial systems. It also helps increase transparency in the market, promotes standardisation and provides a level of consistency in the0 quality and availability of transaction data.
As a branch of Banque Pictet & Cie SA, the Bank is subject to the Swiss legislation FMIA. Therefore, when it is counterparty to a transaction that falls within the scope of the regulations, it triggers FMIA reporting obligations.
For further information governing FMIA reporting obligation, please refer to the FAQs online at www.pictet.com/market-regulations