Regulatory Alerts2024-04-26
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PS24/13: Joint PRA and FCA Consequential Amendments to BTS 2016/2251
The FCA and PRA make consequential amendments to the Binding Technical Standards (BTS) 2016/2251 to reflect expected changes to the UK version of the European Market Infrastructure Regulation (UK EMIR). These amendments align with the Securitisation (Amendment) Regulations 2024 and come into force on 1 November 2024. The changes apply to PRA-authorised banks, building societies, PRA-designated investment firms, FCA solo-regulated entities, and non-financial counterparties in scope of the margin requirements under UK EMIR.
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