On March 5, 2013, the FSCMA Amendment Bill (the “Bill”), which introduces the system of Central Counterparty Clearing (“CCP”) for OTC derivatives, was finally approved by the National Assembly. The Bill excludes provisions on disputed issues such as the introduction of investment banks or ATS from the original amendment draft, and only contains provisions already agreed upon by the political parties such as the provisions on CCP. Thus, the Bill passed through the Legislation and Judiciary Committee on March 4, 2013 and Assembly plenary session with ease on March 5, 2013. The Financial Services Commission is preparing its Enforcement Decree in order to enable the commencement of CCP clearing (if possible, as early as during the first half of this year) when the Bill becomes effective (three months after promulgation).