(Last Updated: October 16, 2025)
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 |
| Morocco | Under Consideration |
| New Zealand | Adopted |
| Nigeria | Adopted |
| 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 | Adopted |
| 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
U.S. Federal Holidays on December 24 and 26, 2025
Pursuant to an Executive Order of the President of the United States, December 24 and December 26 have been designated as federal holidays for U.S. federal government purposes. The designation of such dates as U.S. federal holidays is not expected to affect...
ISDA Publishes SPS Matrix Version 1.02
On December 19, 2025, ISDA published an updated version (v1.02) of the ISDA Digital Asset Derivative Definitions Settlement Price Source Matrix (‘SPS Matrix”). The SPS Matrix contains a list of Settlement Price Sources (SPSs) and related terms that parties can...
From Milestone to Modernization
We’re coming to the end of an exceptionally busy year at ISDA, in which we celebrated our 40th anniversary and doubled down on our enduring commitment to safe and efficient derivatives markets. Reflecting on ISDA’s achievements since 1985, it’s clear...
Response on ASIC Derivative Transaction Rules
On December 3, ISDA submitted a response to the Australian Securities and Investments Commission (ASIC) consultation on the remake of the ASIC Derivative Transaction Rules (Clearing) 2015, which are due to sunset on April 1, 2026. ASIC proposed to remake...