Topic
Margin Requirements
82 published works
Global Regulation Tomorrow
No changes proposed following review of margin requirements for non-centrally cleared derivatives
On 12 December 2025, the Basel Committee on Banking Supervision (Basel Committee) and the International Organization of Securities Commissions (IOSCO) published a report that reviews the implementation of margin requirements…
Banking, Finance and Securities
PRA FCA PS23/25 – Margin requirements for non-centrally cleared derivatives: Amendments to BTS 2016/2251
On 27 November 2025, the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) jointly published Policy Statement 23/25 – Margin requirements for non-centrally cleared derivatives: Amendments to BTS 2016/2251…
Global Regulation Tomorrow
BCBS, CPMI and IOSCO publish three final reports on margin in centrally and non-centrally cleared markets
On 15 January 2025, three international regulators - the Basel Committee on Banking Supervision (BCBS), the BIS Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities…
Cleary Enforcement Watch
Clearing Agency Participants Take Note: Covered Clearing Agency Resilience Rules Could Bring New Margin Requirements
By James R. Burns, Brant Brown, Ben Rosenblum
On October 25, 2024, the Securities and Exchange Commission (“SEC”) adopted amendments to certain rules in the Covered Clearing Agency Standards (the “Amendments”) aimed at improving risk management and resilience…
Global Regulation Tomorrow
FCA and PRA publish joint policy statement on margin requirements for non-centrally cleared derivatives
By Anita Edwards, Simon Lovegrove (UK), Hannah Meakin (UK)
On 18 December 2023, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) published a joint policy statement (PS) on margin requirements for non-centrally cleared derivatives: amendments to Binding…
Derivatives & Repo Report
Rule 4210 Amendments Approved With May ’24 Effective Date
By Perkins Coie
The U.S. Securities and Exchange Commission (SEC) approved FINRA’s proposed amendments (Amendments) to Rule 4210 on July 27, 2023. In summary, the Amendments amend Rule 4210 in the following respects:…
Global Regulation Tomorrow
PRA and FCA consult on changes to UK EMIR bilateral margining requirements
By Hannah Meakin (UK), Anita Edwards
On 18 July 2023, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) published a consultation paper (PRA CP13/23 / FCA CP23/16) setting out proposed changes to the…
Global Regulation Tomorrow
ESMA consults on CCP anti-procyclicality measures
On 27 January 2022, the European Securities and Markets Authority (ESMA) issued a consultation paper setting out draft amendments to Commission Delegated Regulation (EU) No 153/2013 with regard to the…
Global Regulation Tomorrow
PS14/21 – Margin requirements for non-centrally cleared derivatives: Amendments to BTS 2016/2251
On 30 June 2021, the PRA and FCA jointly published Policy Statement 14/21: Margin requirements for non-centrally cleared derivatives: Amendments to BTS 2016/2251 (PS14/21). In PS14/21 the PRA and FCA…
Corporate & Financial Weekly Digest
FINRA Seeks Comment on Proposed Amendments to Margin Rule Requirements
By Susan Light, Gregory A. Uffner
The Financial Industry Regulatory Authority (FINRA) is requesting comment on proposed amendments to Rule 4210 (Margin Requirements) that seek to clarify current interpretations related to extended settlement transactions. Rule 4210…