Regulatory Alerts2019-07-12
Implementation of ESMA guidelines on anti-procyclicality margin measures for central counterparties under EMIR (ESMA70-151-1496)
The Prudential Control and Resolution College (ACPR) has declared its compliance with the European Securities and Markets Authority (ESMA) guidelines regarding anti-procyclicality margin measures for central counterparties under the EMIR regulation. These guidelines apply to central counterparties as defined in Article L. 440-1 of the Monetary and Financial Code. These entities must take all necessary measures to adhere to these guidelines in accordance with Article 16 of Regulation (EU) No 1095/2010.
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