On 8 March 2016 the final draft of the regulatory technical standards on the requirements under EMIR for margining of non-cleared OTC derivative contracts was published. This follows consultations on the drafts of the regulatory technical standards published by the European Supervisory Authorities on 14 April 2014 and 10 June 2015.
This briefing summarises the main requirements of the proposed rules as well as the key changes from the earlier drafts, and provides insight into the implementation process for market participants. It should be noted, however, that the final draft regulatory technical standards are still subject to adoption by the European Commission and review by the EU Council and Parliament
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The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to.
Readers should take legal advice before applying it to specific issues or transactions.
