Events listed in Retained European Market Infrastructure Regulation (UK EMIR)
FCA 2023/44: FCA Standards Instrument: The Technical Standards (Bilateral ...
ID 26362
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 ...
PS23/19: Margin requirements for non-centrally cleared derivatives: Amendments to ...
ID 26360
The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have jointly published a policy statement as regards the margin requirements for non-centrally cleared derivatives. The policy statement follows a corresponding consultation in July 2023 (EventID 22205) in which they sought to extend the temporary exemption from the UK bilateral margining requirement for single-stock equity and index options up to January 4, 2026. ...
The Central Counterparties (Equivalence) (United States of America) (Commodity ...
ID 26128
The Central Counterparties (Equivalence) (United States of America) (Commodity Futures Trading Commission) Regulations 2023 have recently been published in the official journal of the UK at legislation.gov.uk. The regulations are a major step in ensuring that U.S. central counterparties (CCPs) registered with the U.S. Commodity and Futures Trading Commission (CFTC) can provide clearing services to UK firms following the implementation of the temporary recognition ...
Bank of England and the Reserve Bank of India Memorandum of Understanding
ID 26042
On December 1, 2023, the Bank of England (BoE) issued a statement in which it informs of the signing of a Memorandum of Understanding (MoU) between the Reserve Bank of India (RBI) and the BoE itself aimed at facilitating the exchange of information and cooperation regarding the supervision of incoming Indian central counterparties (CCPs) such as Clearing Corporation of India Ltd. The MoU is ...
Call for evidence: pension fund clearing exemption
ID 25765
The HM Treasury has launched a call for evidence on the clearing exemption that is currently in place for pension funds operating in the UK. The call for evidence thereby outlines the history of this exemption which was recently extended up to June 18, 2025 and the rationale behind the exemption. Specifically, currently the exemption applies to contracts that are used to hedge risks ...
The Central Counterparties (Equivalence) (Singapore) (Monetary Authority of ...
ID 25764
The Central Counterparties (Equivalence) (Singapore) (Monetary Authority of Singapore) Regulations 2023 (SI 2023/1198) as regards an equivalence determination for certain Singapore central counterparties were published on legislation.gov.uk, the official platform of the UK government for publicizing legal texts. In the regulations, the HM Treasury recognizes that the rules and regulations put in place by the Monetary Authority of Singapore (MAS) for the supervision of ...
CP13/23 – Margin requirements for non-centrally cleared derivatives: Amendments to ...
ID 24264
The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have jointly launched a consultation as regards the margin requirements for non-centrally cleared derivatives. Specifically, the regulators seek to (1) extend the temporary exemption from the UK bilateral margining requirement for single-stock equity and index options. The extension would be valid through January 4, 2026. Background: The previous temporary exemptions for these types ...
The Central Counterparties (Equivalence) (India) (Reserve Bank of India) ...
ID 23599
The Central Counterparties (Equivalence) (India) (Reserve Bank of India) Regulations 2023 as regards an equivalence determination for Indian central counterparties were published on legislation.gov.uk, the official platform of the UK government for publicizing legal texts. In the regulations the HM Treasury recognizes that the rules and regulations put in place by the Reserve Bank of India for the supervision of Indian central counterparties are ...
The potential impact of broader central clearing on dealer balance sheet capacity: ...
ID 23544
The Prudential Regulation Authority, PRA, has published a working paper which analyzes the impact of a broader clearing requirement on dealers‘ balance sheets and thus their ability to „intermediate financial markets“ which could be especially beneficial in times of market stress. Specifically, the analysis uses regulatory transaction data pertaining to UK gilts and gilt repos to evaluate the impact of a central clearing requirement ...
EMIRR 2.1 Verification of derivatives by trade repositories EMIRR 2.3 ...
ID 23088
In view of the upcoming requirements of financial, non-financial, and central counterparties as regards the reporting of derivative transactions to trade repositories (TRs) under the retained European Market Infrastructure Regulation (UK EMIR) and corresponding processing requirements of trade repositories, the Financial Conduct Authority (FCA) has now published a second set of new rules of its new EMIRR Sourcebook. The rules primarily affect trade repositories ...