  ISDA, through its various regional Committees, actively promotes netting legislation on a global basis.
ISDA is apprised of netting legislation developments through these regional Committees and this list represents those jurisdictions
where members have informed ISDA that netting legislation has been adopted. However, this list does not purport to be a comprehensive
summary of all jurisdictions globally that may have adopted netting legislation. |
| COUNTRY | NETTING LEGISLATION |
| Andorra | Adopted |
| Anguilla |
Adopted |
| Argentina | Under Consideration |
| Australia | Adopted |
| Austria | Adopted |
| Bahrain | Under Consideration |
| Belgium | Adopted |
| Brazil | Adopted |
| British Virgin Islands |
Adopted |
| Canada | Adopted |
| Chile | Under Consideration |
| Colombia | Adopted |
| Czech Republic | Adopted |
| Denmark | Adopted |
| Estonia | Adopted |
| Finland | Adopted |
| France | Adopted |
| Germany | Adopted |
| Greece | Adopted |
| Hungary | Adopted |
| Ireland | Adopted |
| Israel |
Adopted |
| Italy | Adopted |
| Japan | Adopted |
| Lithuania | Adopted |
| Luxembourg | Adopted |
| Malta | Adopted |
| Mauritius |
Adopted |
| Mexico | Adopted |
| New Zealand | Adopted |
| Norway | Adopted |
| Pakistan | Under Consideration |
| Peru | Adopted |
| Poland | Adopted |
| Portugal | Adopted |
| Romania | Adopted |
| Russia | Adopted |
| Seychelles | Under Consideration |
| Slovakia | Adopted |
| Slovenia | Adopted |
| South Africa | Adopted |
| South Korea | Adopted |
| Spain | Adopted |
| Sweden | Adopted |
| Switzerland | Adopted |
| United Kingdom | Adopted * |
| United States | Adopted |
|
ISDA provides legal opinions for the laws of England & Wales as well as Scotland. As of February 21, 2009,
the UK Banking Act introduced a new insolvency law for all UK jurisdictions providing for a special resolution regime
for banks and building societies. This includes specific netting legislation for transactions with such counterparties.
With regard to most other counterparties the previous regime remains in place. In England, the enforceability of netting
is widely accepted without the need for specific statutory recognition. Please refer to the ISDA netting opinions on English
and Scots law respectively. For other jurisdictions without specific netting statutes, eg, Turkey, Netherlands, Hong Kong,
please refer to the relevant ISDA netting opinions. |