Emma RadmorePRA and FCA have confirmed updates to the Binding Technical Standards on margin requirements for non-centrally cleared derivatives. The changes, which take effect from 18 December:
- extend the temporary exemption from UK bilateral margining requirements for single-stock equity and index options until 4 January 2026; and
- confirm there will be no change to the current model review framework – the regulators had considered a supervisory pre-approval requirement.