# Commission Delegated Regulation (EU) 2016/2251 of 4 October 2016 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council on OTC derivatives, central counterparties and trade repositories with regard to regulatory technical standards for risk-mitigation techniques for OTC derivative contracts not cleared by a central counterparty (Text with EEA relevance), Article 26: Margin calculation with third-country counterparties

Extent: E+W+S+N.I.

Where a counterparty is domiciled in a third country, counterparties may calculate margins on the basis of a netting set that includes the following types of contracts:
(a) non-centrally cleared OTC derivatives subject to margin requirements under this Regulation;
(b) contracts that meet both of the following conditions:
(i) they are identified as non-centrally cleared OTC derivatives by the regulatory regime applicable to the counterparty domiciled in the third country;
(ii) they are subject to margin rules in the regulatory regime applicable to the counterparty domiciled in the third country.

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Source: https://www.legislation.gov.uk/eur/2016/2251/article/26 (the official version)
Page: https://openlegislation.uk/eu-regulation-2016-2251/article-26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.