Europejski Urząd Nadzoru Ubezpieczeń i Pracowniczych Programów Emerytalnych (European Insurance and Occupational Pensions Authority - EIOPA), Raport końcowy ESA na temat dwustronnego zabezpieczania opcji na akcje

ESA 2023 33

18 December 2023

ESAs Final Report on bilateral margining of equity options

EMIR RTS amending Commission Delegated Regulation (EU) 2016/2251 with regards to the application date of collateral exchange requirements to single-stock equity options and index options

1. Executive Summary

Reasons for publication

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.

More specifically, the draft RTS relate to the exchange of bilateral margins with regard to OTC derivative contracts on...