The International Organisation of Securities Commissions (IOSCO) yesterday unveiled an information repository for central clearing requirements for OTC derivatives.
This move provides regulators and market participants with consolidated information on the clearing requirements of different jurisdictions.
IOSCO is the leading international policy forum for securities regulators and is recognised as the global standard setter for securities regulation.
By providing this information, IOSCO seeks to assist authorities in their rule making and help participants comply with the relevant regulations in the OTC derivatives market.
The repository sets out central clearing requirements on a product-by-product level, and any exemptions from them. The information in the repository will be updated quarterly.
Established in February 2014, the repository has been available until now only to IOSCO members. IOSCO has since gained sufficient experience, and gathered enough information on central clearing requirements, to open the repository to the public.
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