The FCA has updated its EMIR webpage to include a draft application form for the margin intragroup exemption. The FCA explains that the RTS on risk-mitigation techniques for OTC derivative contracts not cleared by a CCP under Article 11 of EMIR will soon be finalised and come into force. The RTS detail requirements for firms to exchange margin on non-centrally cleared OTC derivatives. Under EMIR, however, there is an exemption from the requirement to exchange margin for intragroup transactions provided certain criteria have been met. The FCA has produced a draft application form for the intragroup exemption pending finalisation of the RTS, to give firms an idea of the questions they will be asked and to allow firms more time to prepare their applications.