Regulatory Alerts2016-08-22
Added
Circular on Margin Requirements for Non-Centrally Cleared Derivatives
The Monetary Authority of Singapore deferred the implementation of margin requirements for non-centrally cleared over-the-counter derivatives beyond the original September 2016 deadline to ensure international coordination and industry preparedness. This decision follows consultations with the Hong Kong Monetary Authority and other major markets to avoid unintended disruptions to financial markets while allowing more time for institutions to comply. MAS will issue final rules in the coming months and announce a revised phase-in schedule once global implementation timelines are confirmed.
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