Commission Delegated Regulation (EU) 2022/244 on regulatory technical standards for the K-factor clear margin given

The European Commission establishes regulatory technical standards specifying how investment firms must calculate the total margin for the K-factor 'clear margin given' (K-CMG) under Regulation (EU) 2019/2033. The regulation mandates that the daily margin amount be the highest of any intra-day updates and requires summing margins across all clearing members for firms using multiple clearing services. To prevent regulatory arbitrage, investment firms must apply K-CMG consistently to similar trading desks for at least 24 months and justify any significant differences between K-CMG and K-NPR capital requirements to competent authorities. This Regulation enters into force on the twentieth day following its publication in the Official Journal of the European Union.

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Source: European Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works