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ARTICLE · 11 JUNE 2026

FCA Doubles UK EMIR Commodity Clearing Threshold To EUR 6 Billion

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The Financial Conduct Authority has doubled the clearing threshold for commodity derivatives under UK EMIR from EUR 3 billion to EUR 6 billion, effective immediately as of 29 May 2026.

United KingdomFinance and Banking
Carolyn Jackson
Carolyn Jackson
Ciara Watson
Ciara Watson
Eleanor Bines
Eleanor Bines
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On 29 May 2026, the Financial Conduct Authority (FCA) published Handbook Notice 141, confirming a significant recalibration of the clearing threshold for commodity derivatives under the UK European Market Infrastructure Regulation (UK EMIR). The threshold under UK EMIR has been raised from EUR 3 billion to EUR 6 billion – a doubling of the previous limit – with the change taking immediate effect from 29 May 2026. 

Notably, the EUR 6 billion threshold exceeds the EUR 5 billion figure that the FCA had originally proposed in its March 2026 consultation paper (CP26/8). The decision to increase the originally proposed EUR 5 billion level was in response to feedback received to CP26/8.

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