Authors: Pauline Ashall, Madeleine Wanner, Hannah Patterson Smith

Date for your diary: Intra-group exemptions from clearing and margining under UK EMIR

Currently, EU counterparties to intra-group derivatives transactions, with affiliates in the EU or third countries, and where certain conditions are satisfied, can rely on temporary derogations, or exemptions, from the clearing and margining obligations under EMIR. The position for counterparties in the UK, and affiliates in the EU or third countries that transact with those UK counterparties, will be impacted by the end of the transitional period.