Uncleared OTC Derivatives: New variation margin requirements live as of 1 March
Norton Rose Fulbright has been engaging globally with clients to assist them to update their existing derivatives documentation to ensure regulatory compliance with the varying local implementation of the BCBS-IOSCO final report on “Margin requirements for non-centrally cleared derivatives”. Final rules on margining have been in place for a while in a number of jurisdictions requiring financial institutions and other entities that are subject to the final rules of the relevant regulators (the Applicable Regulators) in…