Regulatory Alerts2016-12-06
Added
MAS Guidelines on Margin Requirements for Non-Centrally Cleared OTC Derivatives Contracts
The Monetary Authority of Singapore issued guidelines requiring covered entities to exchange margin for non-centrally cleared over-the-counter derivatives contracts. These requirements take effect on 1 March 2017, accompanied by a six-month transition period during which entities must progressively implement necessary documentation and arrangements. Covered entities are expected to start exchanging margins for contracts with specific counterparties as soon as the required compliance measures are in place.
Topics
Share