Final implementation phases of margin requirements for non-centrally cleared derivatives deferred

Ottawa - adam morgan from Pixabay

The Basel Committee and the International Organization of Securities Commissions have deferred the final two implementation phases of the framework for margin requirements for non-centrally cleared derivatives by one year. 

Covered entities with an aggregate average notional amount (AANA) of non-centrally cleared derivatives greater than €50 billion will now need to comply with the margin requirements by September 1, 2021.

The final implementation phase will see covered entities with an AANA of non-centrally cleared derivatives greater than €8 billion become compliant by September 1, 2022.

Photo Credit: Pixabay

One thought on “Final implementation phases of margin requirements for non-centrally cleared derivatives deferred

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s