Browse every Hong Kong SFC-licensed corporation and individual authorised for RA 12 — Client Clearing for OTC Derivatives. RA 12 (Client Clearing for OTC Derivatives) is a regulated activity under Hong Kong’s Securities and Futures Ordinance. A corporation or individual must be licensed by the SFC to carry it out. This page tracks how many active licensees hold RA 12 and the year-by-year licensing trend, compiled from SFC, HKMA and other public regulatory records.