Extension of the deferred date of application for the clearing obligation and of the bilateral margin requirements for OTC derivative contracts that are not cleared by a central counterparty related to counterparties which are part of the same group


Date: 20 February 2023

On 13 February 2023, two delegated acts were published on the Official Journal of the European Union, namely:

These amendments entered into force on 14 February 2023, postponing the application of both the clearing obligation and the bilateral margin requirements to 25 June 2025.

These amendments may be impactful for certain intra-group transactions between Irish counterparties and other entities in the same group, established in countries where no equivalence decision has been adopted pursuant to Article 13(2) of EMIR.