PS22/16: Margin requirements for non-centrally cleared derivatives: Amendments to BTS 2016/2251

The Prudential Regulation Authority issued Policy Statement PS22/16 to implement final rules on margin requirements for non-centrally cleared derivatives. This document amends the Bank of England's BTS 2016/2251 to align UK regulations with international standards for bilateral margining. The changes establish the regulatory framework for calculating and exchanging initial and variation margins between financial counterparties.

United Kingdom

Financial Conduct Authority

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Consultation opened

12/07/2022

Consultation ended

12/10/2022

Policy Statement

15/12/2022

15/12/2022