Australia, Hong Kong and Singapore set March deadline for margin rules

Rules on trading OTC derivatives will come into force on 1 March.

Regulators in Australia, Hong Kong and Singapore announced new rules on trading OTC derivatives will come into force from 1 March.

According to circulars posted by the regulators, initial margin rules for derivatives traded outside of a clearing house will come into force from March.

In the summer of this year the Monetary Authority of Singapore (MAS), Hong Kong Monetary Authority (HKMA) and Australian Prudential Regulation Authority (APRA), announced they would delay implementing the rules which were originally set for implementation in September.

The rules have already gone live in the US, Canada and Japan, and are set to go live in Europe from January 2017.

The regulators said the phase-in of the initial margin rules will also coincide with the phase-in of the variation margin rules.

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