Regulatory Alerts2023-12-20
ESAs Opinion on bilateral margining of equity options
The European Supervisory Authorities issued this opinion to prevent market instability by extending the temporary exemption from bilateral margining requirements for non-centrally cleared equity options until January 2026. The ESAs recommend that competent authorities refrain from prioritizing supervisory or enforcement actions against market participants during this interim period while a long-term legislative solution is pending. This measure aims to ensure continuity with current treatment and avoid fragmentation in the EU financial markets.
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