2026-01-27
Added · Updated
The European Banking Authority issued this decision to establish a provisional validation system for the ISDA SIMM initial margin model under EMIR until the ESMA central database becomes operable. The framework mandates a structured onboarding process for counterparties and requires ISDA to provide comprehensive model documentation and updates to the EBA. It defines non-time-limited validation subject to continuous monitoring, with provisions for automatic validation of subsequent changes and withdrawal of approval if market stability or cooperation requirements are not met.
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