ESMA opens consultation on annual EMIR reporting framework for EU firms' clearing activity at recognised third-country CCPs
ESMA has launched a public consultation on proposed RTS and ITS under EMIR that would introduce an annual reporting obligation covering EU clearing members' and clients' exposures to recognised third-country CCPs. Once finalised, the rules will create a harmonised, structured reporting framework giving supervisory authorities consistent visibility into the scale, characteristics, and risk profile of those exposures. Firms subject to the obligation should begin mapping what data they already report through existing channels, as the proposal explicitly limits new requirements to information not already available to ESMA or competent authorities. The consultation closes on 12 October 2026; a Final Report will follow.
What changed
- ESMA proposes new RTS and ITS under EMIR establishing an annual reporting obligation for clearing members and clients that clear transactions through recognised third-country CCPs.
- The reporting framework is designed to give supervisory authorities a structured and consistent overview of EU firms' exposures to recognised third-country CCPs, supporting EMIR 3 monitoring requirements.
- The proposal follows ESMA's simplification agenda: it maximises reuse of data already available through existing reporting channels and restricts new data requirements to information not otherwise available to ESMA or competent authorities.
- Stakeholders are invited to submit feedback on the reporting framework, templates and format by 12 October 2026.
Who is affected
EU clearing members and clients (across all relevant sectors) that clear transactions through ESMA-recognised third-country CCPs; EU jurisdiction; compliance, reporting and risk functions within those firms.
- Deadline
- 2026-10-12
- Action
- Action required
- Language
- EN