IOSCO launches public information repository 06 August 2014Madrid Reporter: Stephen Durham
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The International Organization of Securities Commissions (IOSCO) is to open an information repository for central clearing requirements for OTC derivatives to the public.
The repository will provide regulators and market participants with consolidated information on the clearing requirements of different jurisdictions.
By providing this information, IOSCO has said that it 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 stated that it has since “gained sufficient experience, and gathered enough information on central clearing requirements” to open the repository to the public.
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