The European Banking Authority (EBA) launched two public consultations on draft Guidelines and draft Regulatory Technical Standards (RTS) on initial margin model authorisation (IMMA) under the European Market Infrastructure Regulation (EMIR). These consultations mark an important step in ensuring that models used for the exchange of initial margin for non-centrally cleared derivatives are subject to a robust, efficient and harmonised authorisation process across the EU.

The draft Guidelines specify the minimum information and documentation that counterparties must submit for their application to be considered complete.

The consultations run until 17 June 2026.