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

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

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.

 

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