Regulatory Alerts2026-08-03
Added · Updated
Final Draft Amending RTS on Initial Margin Requirements for Counterparties Below Threshold
The draft Regulatory Technical Standards extend the derogation from initial margin requirements under Commission Delegated Regulation (EU) 2016/2251 to cover existing non-centrally cleared OTC derivative contracts when one counterparty's aggregate month-end average notional amount for March, April, and May falls below EUR 8 billion. This exemption allows counterparties to cease collecting initial margins and release those already collected for outstanding contracts as early as 1 June of the relevant year. The proposal also removes outdated transitional arrangements for single stock equity options and equity index options, which remain exempt from margin requirements under EMIR Article 11(3a). These draft standards are submitted to the European Commission for endorsement as a legally binding instrument.
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