18 December 2017

44975

Retired Member

3,251Posts 11,860,459Views 3,525Comments
Finextra community

Financial Services Regulation

This network is for financial professionals interested in staying up to date on financial services regulation happening anywhere in the world. CFOs, bankers, fund managers, treasurers welcome.

ESMA lists authorised CCPs and OTC subject to clearing

10 April 2014  |  1608 views  |  0

 derivatives which may be subject to the clearing obligation under EMIR

Following the authorisation of Nasdaq OMX Clearing AB as the first EU-based central counterparty (CCP) under the European Markets Infrastructure Regulation (EMIR) on 18 March 2014, the European Securities and Markets Authority (ESMA) has published on its website (under the sub-heading post-trading):  

·         a list of CCPs authorised to offer services and activities in the EU; and

·         a public register for the clearing obligation under EMIR.  

The public register sets out interest rate, debt and equity OTC instruments that Nasdaq OMX Clearing AB has been authorised to clear.  ESMA will now draft regulatory technical standards (RTS) on the clearing obligation if those classes of OTC derivatives meet the criteria defined in EMIR.  The clearing obligation procedure under EMIR is triggered every time a new CCP clearing OTC derivatives is authorised.  This means that if CCPs are authorised on different dates, several clearing obligation procedures may run in parallel.   

Related link:

http://www.esma.europa.eu/page/Registries-and-Databases 

Comments: (0)

Comment on this story (membership required)

Retired's profile

job title
location
member since 2014
Summary profile See full profile »

Retired's expertise

Member since 2009
3181 posts3,525 comments
What Retired reads

Who's commenting on Retired's posts

Ketharaman Swaminathan
Raymond Lee
James Andrew
Dharmesh Mistry
David Andrzejek
Ralf Ohlhausen
Tom Hay
Nicola Cowburn
Michael Wright
Charmaine Oak
Francis Chlarie