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ESMA consults on amendments to EU EMIR delegated regulation on CCP anti-procyclicality margin measures

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Published on: 27 January 2022

Published by LNB News

LNB News 27/01/2022

Document Information

Issue Date: 27 January 2022

Published Date: 27 January 2022

Jurisdiction(s): United Kingdom

Article summary

The European Securities and Markets Authority (ESMA) has launched a consultation on proposed changes to Article 28 of Commission Delegated Regulation (EU) No 153/2013, supplementing EU EMIR. In particular, the changes relate to the anti-procyclicality (APC) margin measures that apply to central counterparties (CCPs) and the policies and procedures for selecting and reviewing the APC margin. Proposals are intended to include a potential right for CCPs to define their own APC thresholds for margin changes, based on their risk appetite/tolerance. The consultation closes on 31 March 2022.

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