New Japanese Margin Regulations for Non-cleared OTC Derivative Transactions

Following the publication of a policy framework establishing margin requirements for non-centrally cleared derivatives agreed by the Basel Committee on Banking Supervision and the International Organisation of Securities Commissions, the Financial Services Agency of Japan published a set of final regulations on margin requirements on 31 March 2016 following the publication of the first draft regulations dated 3 July 2014 and the revised draft regulations dated 11 December 2015.

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