(Last Updated: June 10, 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 | Under Consideration |
Brazil | Adopted |
British Virgin Islands | Adopted |
Bulgaria | Under Consideration |
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 |
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
ISDA Response – ROC Consultation on Revised CDE Version 4
The International Swaps and Derivatives Association, Inc. (ISDA) response to the Regulatory Oversight Committee (ROC) consultation on the harmonisation of critical OTC derivatives data elements (CDE) revised CDE Technical Guidance – version 4, submitted to the ROC on January 24,...
ISDA response to ESMA MiFIR Review Consultation
On July 11, ISDA submitted a response to the European Securities and Markets Authority's (ESMA) fourth package of Level 2 consultation under the Markets in Financial Instruments Regulation Review (MiFIR), on transparency for derivatives, package orders and input/output data for...
Canadian Transaction Reporting Party Requirements
These Reporting Party Requirements establish the hierarchy and tie-breaker logic to determine a single reporting counterparty for Canadian provincial reporting. By leveraging the existing reporting party standard established for reporting to the CFTC, in most cases these rules facilitate submission...
ISDA In Review – June 2025
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in June 2025.