The Pension Fund Clearing Obligation Exemption (Amendment) Regulations 2025 were made on June 10, 2025, and came into effect the following day.

The amending Regulations ensured that the pension fund clearing exemption on over-the-counter derivatives, central counterparties and trade repositories (UK EMIR) did not expire on June 18, 2025, as previously scheduled. The Regulations also remove any further time limit on the exemption.



Contacts

Lesley Browning
Lesley Browning
Partner
Email
lesley.browning@nortonrosefulbright.com
T: +44 20 7444 2448 / +44 77 1030 3311
Shane O'Reilly
Shane O'Reilly
Partner
Email
shane.o'reilly@nortonrosefulbright.com
T: +44 (20) 74443895

Industry:

Practice area:

Recent publications

Publication

Relief from relief: Making handling relief events easier and more collaborative

Relief events clauses are included as standard provisions of most technology implementation, outsourcing and services contracts.

Global | September 29, 2025

Technology
Financial-institution-building-office-window-generic-AdobeStock_252491125

Publication

Liability 101: Liability clauses in technology and outsourcing contracts

Liability is often a contentious topic (and typically the last provision to be agreed) in a technology or outsourcing contract negotiation.

Global | September 22, 2025

Technology transactions
building

Publication

Regulatory investigations and enforcement: Key developments

The past six months have seen a number of key changes in the regulatory investigations and enforcement space.

Global | September 16, 2025

Financial services and regulation
Site search

Subscribe and stay up to date with the latest legal news, information and events . . .

Register now