Regulatory Alerts2023-07-17
Added · Updated
PS23/19: Margin requirements for non-centrally cleared derivatives: Amendments to BTS 2016/2251
The amendments to the Binding Technical Standards (BTS) 2016/2251 extend the temporary exemptions for single-stock equity options and index options from UK bilateral margining requirements until 4 January 2026. The document also confirms the approach to pre-approval of bilateral initial margin models. These changes take effect on 18 December 2023 and apply to PRA-authorised banks, building societies, PRA-designated investment firms, FCA solo-regulated entities, and non-financial counterparties in scope of UK EMIR margin requirements.
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