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ARTICLE · 13 JULY 2022

Intragroup OTC Derivatives Exemption

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A temporary regime for intragroup OTC derivative contracts, where one counterparty is established in a third country and the other in the EU, was due to expire on 30 June 2022.

IrelandFinance and Banking
Richard Kelly
Richard Kelly
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A temporary regime for intragroup OTC derivative contracts, where one counterparty is established in a third country and the other in the EU, was due to expire on 30 June 2022. Parties raised concerns about negative consequences if the deferred date of application were not extended.

On 13 June 2022, the European Supervisory Authorities (ESAs) announcedOpens in new window the publication of final reports containing draft regulatory technical standards (RTS) and a proposal to extend the temporary exemptions regime for intragroup contracts under EMIR for three years.

The following documents outline how the temporary regime will be extended:

  • Final reportOpens in new windowcontaining draft RTS amending the bilateral margin requirements with regards to intragroup contracts, developed under Article 11(15) of EMIR.

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