Counterparties (CPs) that are classified by EMIR to be part of same group satisfying the conditions a) both CPs are established in the EU or, if one is established in a third country, the commission has declared the third country equivalent b) both CPs are subject to appropriate centralised risk evaluation, measurement and control procedures c) both CPs are included in same accounting consolidation on a full basis d) if one CP is financial, it must be subject to appropriate prudential requirement. Any transaction between such entities is considered to be an intragroup transaction.