
Joint Standard on Margin Requirements for non-centrally cleared OTC derivative transactions
*Breaking news* The Financial Sector Conduct Authority and the Prudential Authority declare 16 August 2021 as the effective date for the joint standard relating to the margin requirements for non-centrally cleared over-the-counter derivative transactions (Joint Standard). How will this date affect the phase in periods: 1. Any OTC derivative provider (ODP) and Counterparty pair who belong to a group of which the aggregate month-end average gross notional amount of OTC derivat