2012-09-27

Draft Technical Standards under EMIR on OTC Derivatives, CCPs and Trade Repositories

The European Securities and Markets Authority (ESMA) issued this final report detailing draft regulatory and implementing technical standards under the European Market Infrastructures Regulation (EMIR). The standards establish precise requirements for OTC derivatives clearing obligations, notably revising rules on indirect clearing arrangements, while defining organizational, risk management, and default handling protocols for central counterparties. Additionally, the document sets forth registration criteria and data transparency mandates for trade repositories, incorporating stakeholder feedback before submission to the European Commission for endorsement.

European Union

European Securities and Markets Authority

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