(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: Jenny Cosco and Jason Granet
Jenny Cosco, global head of government relations and regulatory strategy at LSEG, and Jason Granet, chief investment officer at BNY, speak with Tara Kruse, ISDA’s global head of derivative products and infrastructure, about how firms can manage liquidity pressures during...
Updated OTC Derivatives Compliance Calendar
ISDA has updated its global calendar of compliance deadlines and regulatory dates for the over-the-counter (OTC) derivatives space.
Capital Models Benchmarking: A Framework for Counterparty Credit Risk Internal Models
When firms implement capital models in line with supervisory standards, a range of interpretative and implementation choices inevitably arise. These choices reflect differences in modeling approaches, data availability, system architecture and risk management practices, and can lead to variation in...
ISDA AGM Studio: Joana Schlenczek & Nate Wuerffel
Joana Schlenczek, ISDA board member and head of FI rates structuring and client solutions at Santander Corporate & Investment Banking, and Nate Wuerffel, global head of market structure and head of product, global collateral, at BNY, speak with Panayiotis Dionysopoulos,...