On August 5, 2014, the International Organization of Securities Commissions (“IOSCO”) released an information repository for central clearing requirements for OTC derivatives. The repository sets out central clearing requirements on a product-by-product level, and any exemptions. The information in the repository will be updated quarterly.
The repository was only available to IOSCO members, until they gained sufficient experience and gathered enough information on central clearing requirements to open the repository to the public. The IOSCO stated that the information in the repository is for reference only. Interested parties should refer to the original version of the relevant laws and regulations.
The repository provides regulators and market participants with consolidated information on the clearing requirements of different jurisdictions. This information is intended to assist authorities in their rule making and help participants comply with the relevant regulations in the OTC derivatives market.
The first quarter repository is available at the following link: IOSCO Repository as of June 30, 2014