(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
India Forum Scott O'Malia Opening Remarks
India Derivatives Markets Forum April 16, 2026 Opening Remarks Scott O’Malia, ISDA Chief Executive Good morning and welcome. This is the third year we’ve run the India Derivatives Markets Forum, and the number of people attending has grown each...
Global Trading in INR Derivatives
Global trading in derivatives involving the Indian rupee (INR) has expanded significantly over the past decade, reflecting the currency’s growing role in international hedging and trading activity. According to the Bank for International Settlements (BIS) Triennial Central Bank Survey, the...
Response to FCA on Commodity Derivatives Clearing
On April 9, ISDA, the Commodity Markets Council Europe (CMCE), Energy Traders Europe (ETE) and FIA jointly responded to Chapter 7 of the UK Financial Conduct Authority’s (FCA) Quarterly Consultation CP26/8 on increasing the clearing threshold for commodity derivatives under the UK...
Response on EC’s SFR Proposal
On April 9, ISDA published technical comments on the European Commission’s (EC) proposed Settlement Finality Regulation (SFR) as it applies to designated EU systems and registered third-country systems. One significant concern is that the scope of insolvency protections provided to...
