Regulatory Alerts2025-06-19
Final Report on Conditions of the Active Account Requirement under EMIR 3
ESMA issued this Final Report to specify the Regulatory Technical Standards for the Active Account Requirement under EMIR 3, aiming to mitigate financial stability risks from exposure to systemically important third-country central counterparties. The document details the operational conditions, stress-testing protocols, and representativeness obligations that certain financial and non-financial counterparties must meet to hold active accounts at EU clearing houses. It further establishes comprehensive reporting requirements for activities, risk exposures, and compliance with these new operational standards.
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