Australia: APRA defers Initial Margin Requirements for Non-centrally Cleared Derivatives Commencement Dates

Australia Flag - Pixabay

The Australian Prudential Regulation Authority (APRA) has deferred by one year the commencement dates for the final two phases of the initial margin requirements for non-centrally cleared derivatives.

The extension follows last month’s announcement that APRA was suspending the majority of its planned policy and supervision initiatives in response to COVID-19.

The new dates align with the earlier position of the Basel Committee on Banking Supervision and the International Organization of Securities Commissions on the implementation timelines.

Photo Credit: Pixabay

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