The Commission Services DG FISMA (Commission Services) has published an addendum to the draft regulatory technical standards (RTS) on margin requirements for uncleared over-the-counter derivatives under Article 11(15) of the European Market Infrastructure Regulation (EMIR). In the addendum, the Commission Services states that there are some clarifications to be made to the draft RTS as regards the application of timing set out in Articles 34 and 26 and in Annex III where a formula is missing. The addendum also notes that the European Commission intends to have the first wave of the initial margin requirements applied from one month after the date of entry into force of the draft RTS, as this was the intention of paragraph 1 of Article 36.

View Commission addendum to draft RTS on margin requirements for uncleared OTC derivatives under EMIR, 2 August 2016