PS25/16: Margin requirements for non-centrally cleared derivatives: Amendments to BTS 2016/2251

The Prudential Regulation Authority issued Policy Statement PS25/16 to amend the margin requirements for non-centrally cleared derivatives. This document finalizes the regulatory changes originally proposed in BTS 2016/2251, establishing the final rules for derivative margining. The policy statement was published on 27 November 2025 following a consultation period that closed on 27 June 2025.

United Kingdom

Financial Conduct Authority

Consultation opened

27/03/2025

Consultation closed

27/06/2025

Policy Statement published

27/11/2025