EMIR: EU Commission adopts Delegated Regulation amending RTS on risk-mitigation techniques for uncleared derivatives

The EU Commission has adopted a Delegated Regulation amending an error in the regulatory technical standards (RTS) for risk-mitigation techniques for OTC derivative contracts not cleared by a central counterparty (CCP).

The amending Delegated Regulation corrects an error in Article 37 of the RTS where paragraphs on the phase-in of variation margin (VM) requirements to intra-group transactions were omitted.