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