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Intragroup exemption - EMIR

The following intragroup exemption was granted by Financial Conduct Authority (FCA) in United Kingdom on 11 June 2025 based on Art. 11(7) of the UK EMIR Regulation, i.e. “Regulation (EU) No. 648/2012 of 4 July 2012 on OTC derivatives, central counterparties and trade repositories”:

  • Type of contract: ISDA Master Agreement
  • Between: Two affiliates, both of which are subsidiaries of Equinor ASA
  • Exemption from: Margining requirements
  • Type of exemption: Full exemption
  • Notional aggregate amount of OTCs (per year) under this exemption: EUR 1 billion

The following intragroup exemption was granted by Norwegian Finanstilsynet on 18 March 2024 based on Art. 11(7) of the EU EMIR Regulation, i.e. “Regulation (EU) No. 648/2012 of 4 July 2012 on OTC derivatives, central counterparties and trade repositories”:

  • Type of contract: ISDA Master Agreement
  • Between: Equinor ASA and a subsidiary
  • Exemption from: Margining requirements
  • Type of exemption: Full exemption
  • Notional aggregate amount of OTCs (per year) under this exemption: EUR 5.3 million

The following intragroup exemption was granted by Norwegian Finanstilsynet on 6 March 2024 based on Art. 11(9) of the EU EMIR Regulation, i.e. “Regulation (EU) No. 648/2012 of 4 July 2012 on OTC derivatives, central counterparties and trade repositories”:

  • Type of contract: ISDA Master Agreement
  • Between: Equinor ASA and a subsidiary
  • Exemption from: Margining requirements
  • Type of exemption: Full exemption
  • Notional aggregate amount of OTCs (per year) under this exemption: 1 320 million

The following intragroup exemption was granted by Norwegian Finanstilsynet on 23 September 2023 based on Art. 11(7) of the EU EMIR Regulation, i.e. “Regulation (EU) No. 648/2012 of 4 July 2012 on OTC derivatives, central counterparties and trade repositories”:

  • Type of contract: ISDA Master Agreement
  • Between: Equinor ASA and a subsidiary
  • Exemption from: Margining requirements
  • Type of exemption: Full exemption
  • Notional aggregate amount of OTCs (per year) under this exemption: EUR 402 million

The following intragroup exemption was granted by Norwegian Finanstilsynet on 26 October 2022 based on Art. 11(7) of the EU EMIR Regulation, i.e. “Regulation (EU) No. 648/2012 of 4 July 2012 on OTC derivatives, central counterparties and trade repositories”:

  • Type of contract: European Emission Allowances (EUA)
  • Between: Two affiliates, both of which are subsidiaries of Equinor ASA
  • Exemption from: Margining requirements
  • Type of exemption: Full exemption
  • Notional aggregate amount of OTCs (per year) under this exemption: EUR 411 million

The following intragroup exemption was granted by Financial Conduct Authority (FCA) in United Kingdom on 21 September 2022 based on Art. 11(7) of the UK EMIR Regulation, i.e. “Regulation (EU) No. 648/2012 of 4 July 2012 on OTC derivatives, central counterparties and trade repositories”:

  • Type of contract: European Emission Allowances (EUA)
  • Between: Two affiliates, both of which are subsidiaries of Equinor ASA
  • Exemption from: Margining requirements
  • Type of exemption: Full exemption
  • Notional aggregate amount of OTCs (per year) under this exemption: EUR 24 million