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The EBA publishes a no action letter on the application of the European Market Infrastructure Regulation (EBA/Op/2024/09)

The European Banking Authority (EBA) today published a no action letter stating that competent authorities (CAs) should not prioritise any supervisory or enforcement action in relation to the processing of applications for initial margin (IM) model authorisation received as a result of the entry into force of EMIR 3.

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