ESMA recommends changes to EMIR framework
The European Securities and Markets Authority (ESMA) has published four reports focused on how the European Markets Infrastructure Regulation (EMIR) framework has been functioning and providing input and recommendations to the European Commission’s (EC) EMIR Review.
Three of the reports are required under Article 85 of EMIR, and cover non-financial counterparties (NFCs), pro-cyclicality and the segregation and portability for CCPs. The fourth report responds to the EC’s Review including recommendations on amending EMIR in relation to the clearing obligation, the recognition of third country CCPs and the supervision and enforcement procedures for trade repositories.
Read the Press Release here
- ESMA adds CC&G and LCH.Clearnet SA to list of authorised CCPs under EMIR
- ESMA fosters derivatives market transparency
- ESMA report proposes to include ETDs in EMIR’s interoperability arrangements for CCPs
- ESMA updates Q&A on MiFID II implementation and EMIR
- ESMA finds data quality significantly improves under new monitoring approach