On December 14, 2017, the Financial Stability Board, the Basel Committee on Banking Standards, the Committee on Payments and Market Infrastructures and the International Organization for Securities Commissions jointly launched a review of the regulatory reforms on incentives for central clearing of OTC derivatives. The review forms part of the FSB's commitment to evaluate the effects of the G20 Financial Regulatory reforms. Qualitative survey forms have been published for participants in the clearing space (CCPs, clients/end-users, clearing members and banks providing clearing services to clients) to complete on a group-wide basis.

The deadline for submitting completed surveys is January 26, 2018. A final report on the impact of the G20 reforms is expected by the end of 2018.

The surveys and related information are available at: http://www.fsb.org/2017/12/call-for-responses-to-surveys-on- incentives-to-centrally-clear-otc-derivatives/ .

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.