The next phase of HKMA's OTC Derivative reporting is coming into play soon. ISDA has however made a submission to Financial Services and the Treasury Bureau on an Effective Resolution Regime for Financial Institutions in Hong Kong. This covers many of the concerns with in the Nexus treatment. There has been some confusion over where traveling Traders in/out Hong Kong, and Sales desks that use services through Hong Kong (but located elsewhere) can be caught under the HK regulations.