APRA adds to list of foreign regulators whose margin requirements are eligible for substituted compliance

The Australian Prudential Regulation Authority (APRA) has made a minor amendment to Prudential Standard CPS 226 Margining and risk mitigation for non-centrally cleared derivatives (CPS 226), by adding the UK’s Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) to the list of foreign regulators in Attachment D.

The letter to industry and marked up versions of the prudential standard are available on the APRA website at: Substituted compliance for margin requirements for non-centrally cleared derivatives.