Article summary
The International Swaps and Derivatives Association (ISDA), the Alternative Investment Management Association (AIMA) and the Investment Association (IA) have sent a follow-up letter to the Bank of England and the Prudential Regulation Authority about making permanent the UK European Market Infrastructure Regulation (UK EMIR) temporary exemption for certain equity options from exchanging initial margin and variation margin. The associations urge the UK authorities to communicate its intentions as soon as possible to mitigate against the damaging effects of a cliff-edge on 4 January 2024.
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