Updates on ISO 20022 Standard Implementation – Upcoming System Enhancements in 2026
05 May 2026
Dear Participants,
Following the implementation of the ISO 20022 standard for over-the-counter (OTC) derivatives reporting, some common reporting errors and data quality issues have been observed. Against this backdrop, the HKTR system will enhance the validation rules in the November 2026 release to strengthen data quality.
To support your preparation, we are providing early notice of these changes which also include mandatory reporting of the “UPI” data field at the system-level. Please refer to the attachment, which outlines the newly added validation rules set to be implemented in the November 2026 release. And the next version of the Administration and Interface Development Guide (AIDG) will be issued on 19 May.
Validation rules for the Nov 2026 release(200KB)
Furthermore, we are pleased to share that, alongside the enhancement of validation rules, the HKTR User Interface (UI) functions will also be made available in November 2026, enabling users to make enquiries on data reported in the ISO format. Additionally, the Missing Valuation Data Report for ISO will be available in the same release. In August 2026, a new version of the User Manual will be published, which will cover the aforementioned new system functions and reports (e.g. UI features, Missing Valuation Report) that will be introduced in the November 2026 release.
Participants are advised to review their internal system and make any necessary adjustments to ensure alignment with the updated technical requirements ahead of the release.
Should you have any questions on the above, please contact the HKTR at 8100 3115 or email to hktr@hkma.gov.hk.
Last revision date:05 May 2026