(Last Updated: March 12, 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 | Under Consideration |
| 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
ISDA AGM Studio: Julia Hueckel and Chris Zuehlke
Julia Hueckel, director of global regulatory policy at Coinbase, and Chris Zuehlke, global head of Cumberland and partner at DRW, speak with Nicolette Cone, ISDA’s chief of staff and associate general counsel, on the rapidly evolving legislative framework for digital...
ISDA In Review – April 2026
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in April 2026.
Response to MAS on Recovery and Resolution
On May 8, ISDA and the FIA responded to the Monetary Authority of Singapore’s (MAS) consultation on recovery and resolution planning and enhancement of resolution powers for capital market infrastructures. The response supports the proposed framework for recovery and orderly...
SwapsInfo First Quarter of 2026 Review
Trading activity in interest rate derivatives (IRD) and credit derivatives increased in the first quarter of 2026 compared to the first quarter of 2025. IRD traded notional grew by 38.1%, led by increased activity in overnight index swaps (OIS). Index...
