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