HMT: The Over the Counter Derivatives (Intragroup Transactions) Regulations 2026 (Draft)/ FCA: CP25/30: Streamlining the UK EMIR Intragroup Regime
HMT has published a draft SI for technical comment, alongside an accompanying policy note. As well as making the exemptions currently provided for in the temporary intragroup exemption regime permanent, the SI also looks to streamline the intragroup exemption process. To support HMT’s proposals in its draft SI, FCA proposes to further streamline the Intragroup Regime, simplifying and consolidating the Binding Technical Standards, and making consequential amendments to align with changes being made to UK EMIR. Responses to both the draft SI and consultation are required by 16 January 2026.
For more information
- https://assets.publishing.service.gov.uk/media/6908b8ba19a898f0b189817b/Draft_Statutory_Instrument_-_The_Over_the_Counter_Derivatives__Intragroup_Transactions__Regulations_2026.pdf
- https://www.gov.uk/government/publications/updating-the-uks-exemption-framework-for-intragroup-over-the-counter-derivatives/policy-note-updating-the-uks-exemption-framework-for-intragroup-over-the-counter-derivatives
- https://www.fca.org.uk/publication/consultation/cp25-30.pdf
Last updated · 13 Mar 2026
Regulatory News - Banking & Finance
See all Regulatory News - Banking & FinanceFCA: CP26/36: Cryptoasset perimeter guidance
FCA has published a consultation paper CP26/36 on changes to its Perimeter Guidance manual (PERG) to reflect the amendments to the cryptoasset regime introduced by the Financial Services and Markets Act 2000 (Cryptoassets) (Miscellaneous Amendments) Regulations 2026. The changes explain FCA’s view of how the amendments in the legislation apply, and how the new exclusions interact with the regulated cryptoasset activities. The amended draft Handbook text is set out in Appendix 1. Responses are required by 18 November 2026. FCA intends to publish final guidance in spring 2027.
FCA: GC26/7: Decentralised Finance
FCA has published a guidance consultation paper on decentralised finance (DeFi) to help firms understand how existing operational resilience and financial crime requirements may apply when they provide financial services using DeFi. The draft non-Handbook guidance is set out in Annex 1. Responses are required by 18 November 2026. FCA intends to publish final guidance in January 2027.
The Central Counterparties (Transitional Provision) (Extension and Amendment) Regulations 2026/1010
The SI extends by a further 12 months the transitional regime for overseas qualifying CCPs contained within Article 497 of the UK CRR.
For more information