ESAs Final Report on bilateral margining of equity options under EMIR

This final report presents new amending draft regulatory technical standards (RTS) on the risk mitigation techniques for OTC derivative contracts not cleared by a CCP (bilateral margining) that the European Supervisory Authorities (ESAs) have developed under Article 11(15) of Regulation (EU) No 648/2012 of the European Parliament and Council on OTC derivatives, central counterparties and trade repositories (EMIR). The draft RTS propose to amend Commission Delegated Regulation (EU) No 2016/2251 that sets out the detailed bilateral margin requirements.