(Last Updated: May 18, 2026)
Please note: For further detail regarding the status of netting legislation, please see Appendix D of the 2018 Model Netting act, which can be accessed here.
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 | Adopted |
| Armenia | Adopted |
| Australia | Adopted |
| Austria | Adopted |
| Azerbaijan | Under Consideration |
| Bahrain | Adopted |
| Belgium | Adopted |
| Belize | Adopted |
| Botswana | Adopted |
| Brazil | Adopted |
| British Virgin Islands | Adopted |
| Bulgaria | Adopted |
| Cambodia | Under Consideration |
| Canada | Adopted |
| Channel Islands – Jersey | Adopted |
| Chile | Adopted |
| China | Adopted |
| Colombia | Adopted |
| Costa Rica | Adopted |
| Croatia | Adopted |
| Cyprus | Adopted |
| Czech Republic | Adopted |
| Denmark | Adopted |
| Dominican Republic | Under Consideration |
| Egypt | Under Consideration |
| Estonia | Adopted |
| Ethiopia | Under Consideration |
| Finland | Adopted |
| France | Adopted |
| Georgia | Adopted |
| Germany | Adopted |
| Ghana | Adopted |
| Greece | Adopted |
| Hungary | Adopted |
| India | Adopted |
| Indonesia | Adopted |
| Ireland | Adopted |
| Israel | Adopted |
| Italy | Adopted |
| Japan | Adopted |
| Kazakhstan | Adopted |
| Kosovo | Under Consideration |
| Latvia | Adopted |
| Liechtenstein | Adopted |
| Lithuania | Adopted |
| Luxembourg | Adopted |
| Malaysia | Adopted |
| Malta | Adopted |
| Marshall Islands | Adopted |
| Mauritania | Adopted |
| Mauritius | Adopted |
| Mexico | Adopted |
| Montenegro | Adopted |
| Morocco | Under Consideration |
| New Zealand | Adopted |
| Nigeria | Adopted |
| North Macedonia | Under Consideration |
| Norway | Adopted |
| Pakistan | Adopted |
| Panama | Under Consideration |
| Peru | Adopted |
| Poland | Adopted |
| Portugal | Adopted |
| Qatar | Adopted (QFC regime) |
| Romania | Adopted |
| Russia | Adopted |
| Rwanda | Adopted |
| Saudi Arabia | Adopted |
| Serbia | Adopted |
| Seychelles | Under Consideration |
| Slovakia | Adopted |
| Slovenia | Adopted |
| South Africa | Adopted |
| South Korea | Adopted |
| Spain | Adopted |
| Sri Lanka | Under Consideration |
| Sweden | Adopted |
| Switzerland | Adopted |
| Tunisia | Under Consideration |
| Uganda | Under Consideration |
| Ukraine | Adopted |
| United Arab Emirates | Adopted (in the DIFC, ADGM free zones and federal law level) |
| United Kingdom | Adopted * |
| United States | Adopted |
| Uruguay | Adopted |
| Zambia | Adopted |
| Zimbabwe | 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, e.g Turkey, Netherlands, Hong Kong, please refer to the relevant ISDA netting opinions.
Latest
Response to CPMI-IOSCO Margin Proposals
On June 29, ISDA submitted a response to a consultation from the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) on updated guidance and public quantitative disclosures to implement the 2025 margin proposals....
US Treasury Repo Clearing Indicators May 2026
The ISDA-Actrix US Treasury Repo Market Clearing Indicators illustrate central clearing adoption in the US Treasury repo market. Sponsored cleared repo volumes are used as a proxy to monitor client participation in central clearing, the key objective of the Securities...
ISDA, FIA, GFMA, CMC, CMCE Respond to IOSCO on Best Practices for OTC Commodity Derivatives
ISDA, FIA, the Global Financial Markets Association (GFMA), the Commodity Markets Council (CMC) and the Commodity Markets Council Europe (CMCE), have responded to the International Organization of Securities Commissions' (IOSCO) consultation report on best practices for over-the-counter (OTC) commodity derivatives...
Joint Response to 2026 US G-SIB Surcharge Proposal
On June 18, ISDA, the Securities Industry and Financial Markets Association and the Institute of International Finance submitted a joint response to US agencies on proposed changes to the surcharge for global systemically important banks (G-SIBs). The associations welcome the...
