ESMA consults on reporting framework for clearing activity at recognised third-country CCPs
ESMA has launched a consultation on a proposed annual reporting framework under EMIR for clearing activity at recognised third-country central counterparties (CCPs). The consultation paper sets out ESMA's proposed Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) under European Market Infrastructure Regulation (EMIR). The reporting obligation will apply to clearing members and clients that clear transactions through recognised third country CCPs. The objective is to provide supervisory authorities with a structured and consistent overview of the scale, characteristics and risk profile of EU firms' exposures to recognised third-country CCPs.
Who is affected
Clearing members and clients that clear transactions through recognised third-country CCPs
- Action
- Action required
- Language
- EN