ESMA Guidelines under the Regulation establishing a framework for the recovery and resolution of CCPs

On July 27, 2023, the AMF declared its compliance with ESMA guidelines regarding temporary restrictions under Article 45bis of EMIR, the consistent application of early intervention measures under Article 18(8) of the CCP RRR, and the determination of actual or foreseeable CCP failure under Article 22(6) of the CCP RRR. These orientations aim to ensure uniform regulatory standards across the EU for market infrastructure resilience and crisis management. The AMF references the specific ESMA documents containing these detailed operational guidelines for public access.

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