Regulatory Alerts2023-07-17
Added · Updated
PS23/19: Margin requirements for non-centrally cleared derivatives: Amendments to BTS 2016/2251
The Prudential Regulation Authority issued Policy Statement PS23/19 to amend the Bank Transfer Scheme 2016/2251 regarding margin requirements for non-centrally cleared derivatives. The document formalizes regulatory changes following a consultation period that ran from July to October 2023. These amendments aim to ensure robust risk management practices for derivative transactions outside of central clearing mechanisms.
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