The FCA has updated its webpage on margin requirements for uncleared derivatives under the European Market Infrastructure Regulation (EMIR).
The webpage includes a video of Heather Pilley (Markets Policy, FCA) who provides a more in-depth overview of the margin requirements under EMIR. The video covers implementation timing and scope, along with advice on what firms need to do in order to meet the requirements. The web page also includes another video which features Carmel Deenmamode (Markets Policy, FCA) who provides information on intragroup exemptions from margin and the application process firms are expected to follow in order to benefit from the exemption.
The webpage also contains a timetable for implementation as regards variation margin and initial margin.
View FCA updates webpage on margin requirements for uncleared derivatives, 6 February 2017