Policy paper

Updating the UK’s exemption framework for intragroup Over the Counter Derivatives

The government has published a draft statutory instrument for technical comment, alongside an accompanying policy note.

• From: HM Treasury
• Published: 5 November 2025

Documents

Draft Statutory Instrument – The Over the Counter Derivatives (Intragroup Transactions) Regulations 2026

PDF, 226 KB, 5 pages

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Policy note - Updating the UK’s exemption framework for intragroup Over the Counter Derivatives

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At Mansion House, the government announced its intention to make certain intragroup exemption frameworks for over-the-counter derivatives, currently enabled by the UK’s Temporary Intragroup Exemption Regime, permanent and to publish a draft statutory instrument later in 2025 to this effect.  

The government is now publishing the draft “The Over the Counter Derivatives (Intragroup Transactions) Regulations 2026” for technical comment, alongside an accompanying policy note. The changes to intragroup exemptions will ensure firms have wider and more streamlined access to exemptions for their intragroup activity, supporting the growth and competitiveness of the UK’s economy and financial services sector.

Published 5 November 2025