Aggregated News From Investment Management Regulators

ESMA highlights further aspects to consider in the finalisation of the framework for third-country CCPs


Please complete the required fields.

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published a letter that has just been sent to the European Commission (EC) as a contribution to the EC consultation on the delegated acts on tiering, comparable compliance and fees related to third-country central counterparties (TC-CCPs) under the revised European Market Infrastructure Regulation (EMIR 2.2). 

ESMA appreciates that the EC duly considered in the development of these Delegated Acts the technical advice provided by ESMA on 11 November 2019. ESMA is also mindful of both the political considerations and the objectives for the targeted and important changes that have been introduced.

These Delegated Acts will be instrumental in further specifying the scope and range of measures available for the EU in ensuring an effective and proportionate regulatory and supervisory framework with regards to TC-CCPs. Leveraging on the multiple discussions with competent authorities and on the varied input received from stakeholders throughout the development of ESMA’s technical advice, ESMA believes it is useful to raise a few key aspects about the draft Delegated Acts that are presented in the letter, in particular with respect to the assessment of comparable compliance.

ESMA would welcome the EC considerations for the points raised when finalising the Delegated Acts in order to improve the soundness of the framework for TC-CCPs and all affected stakeholders.

Source link

Regulator Information

Abbreviation: ESMA
Jurisdiction: ESMA

Recent Articles

Consultation on ‘six directorship’ exemption for directors — GFSC

The Policy & Resources Committee has today published a Consultation Paper seeking views on a proposed change to the requirements which affect some individuals acting as company directors, by way of b

The AMF is supplementing its policy on liquidity management tools

New disclosure obligations This update provides for new obligations if the regulatory documentation of the CIU does not include a mechanism to cap redemption requests (gates) and/or a mechanism to of

The Prime Minister is following up efforts to promote more investments to the capital market

This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content...

Citigroup Inc., Citigroup Global Markets Holdings Inc., Citigroup Global Markets Funding Luxemb (33)

See a PDF of the notification published by the Cyprus Securities and Exchange Commission (CySEC CY) here: Source link

Issue of Green Debt Securities by an issuer under Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015

This news item was originally published by the Securities and Exchange Board of India (SEBI IN). See the article here: Read more

Get the latest from Regulatory.News in your inbox!