The Over the Counter Derivatives (Intragroup Transactions) Regulations 2026
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
3 Amendments to the definition of an intragroup transaction in Article 3 of the EMIR Regulation
(1) Article 3 of the EMIR Regulation (intragroup transactions) is amended as follows. (2) For paragraph 1, substitute— 1. In relation to a counterparty, an intragroup transaction is an OTC derivative contract entered into with another counterparty which is part of the same group provided that both counterparties are included in the same consolidation on a full basis and they are subject to appropriate centralised risk evaluation, measurement and control procedures. . (3) Omit paragraph 2. (4) In paragraph 3— (a) omit “are both either”; (b) in point (a)— (i) at the beginning, insert “are both”; (ii) for point (i), substitute— (i) the Companies Act 2006; ; (iii) in point (iii), for point (aa), substitute— (aa) UK-adopted international accounting standards, recognised as equivalent for the purposes of Commission Decision of 12 December 2008 on the use by third countries’ issuers of securities of certain third country’s national accounting standards and International Financial Reporting Standards to prepare their consolidated financial statements (2008/961/EC); or ; (c) in point (b), at the beginning, insert “are both”; (d) in point (c), at the beginning, insert “both”.
3 Amendments to the definition of an intragroup transaction in Article 3 of the EMIR Regulation
(1) Article 3 of the EMIR Regulation (intragroup transactions) is amended as follows. (2) For paragraph 1, substitute— 1. In relation to a counterparty, an intragroup transaction is an OTC derivative contract entered into with another counterparty which is part of the same group provided that both counterparties are included in the same consolidation on a full basis and they are subject to appropriate centralised risk evaluation, measurement and control procedures. . (3) Omit paragraph 2. (4) In paragraph 3— (a) omit “are both either”; (b) in point (a)— (i) at the beginning, insert “are both”; (ii) for point (i), substitute— (i) the Companies Act 2006; ; (iii) in point (iii), for point (aa), substitute— (aa) UK-adopted international accounting standards, recognised as equivalent for the purposes of Commission Decision of 12 December 2008 on the use by third countries’ issuers of securities of certain third country’s national accounting standards and International Financial Reporting Standards to prepare their consolidated financial statements (2008/961/EC); or ; (c) in point (b), at the beginning, insert “are both”; (d) in point (c), at the beginning, insert “both”.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.