This document presents the near-final policy framework that establishes minimum standards for margin requirements for non-centrally cleared derivatives as agreed to by the Basel Committee on Banking Supervision (BCBS) and the International Organization of Securities Commissions (IOSCO). This near-final framework was developed in consultation with, and with the active participation of, the Committee on Payment and Settlement Systems (CPSS) and the Committee on the Global Financial System (CGFS).[...]