The Financial Conduct Authority (FCA) has published a new legal instrument (FCA 2023/44) to transpose the regulatory changes noted in the FCA’s and the PRA’s joint policy statement as regards the margin requirements for non-centrally cleared derivatives (please see EventID 24491 in this context for more detailed information).
Specifically, the instrument modifies Article 38 of the Retained Commission Delegated Regulation (EU) 2016/2251, a retained delegated regulation under the Retained European Market Infrastructure Regulation (UK EMIR) setting out technical standards for risk-mitigation techniques for OTC derivative contracts not cleared by a central counterparties, to extend the temporary exemption from the bilateral margin requirement for single-stock equity and index options up to January 4, 2026.
The instrument came into force upon its publication.
FCA 2023/44: FCA Standards Instrument: The Technical Standards (Bilateral Margining) Instrument 2023
ID
26362
Other Features
compliance
counterparty
credit
Derivatives
margin
model
OTC derivatives
regulatory
risk
standard
Date Published: 2023-12-18
Date Taking Effect: 2023-12-18
Regulatory Framework: Retained European Market Infrastructure Regulation (UK EMIR)
Regulatory Type: regulation
ID 26583
The Financial Conduct Authority (FCA) has published an updated version of its List of non- ...
ID 26578
The Financial Conduct Authority (FCA) has provided an update on its key achievements and m ...
ID 26536
The Financial Conduct Authority (FCA) has published an updated list of UK authorized marke ...
ID 26437
The Financial Conduct Authority, FCA, has issued a combined feedback statement and a new c ...
You are on the training version of RISP core with limited functions and data.
Please subscribe to RISP core for professional or academic use. We supply free real time datasets for approved academic research; professional subscriptions start at 950€ plus VAT per annum.