On 30 September 2024, the European Securities and Markets Authority (ESMA) issued a press release containing further details on the selection of Consolidated Tape Providers (CTPs) for bonds and for shares and exchange-traded funds (ETFs).
Key points from the communication include:
On 10 September 2024, the Central Counterparties (Transitional Provision) (Extension and Amendment) Regulations 2024 were made and published on legislation.gov.uk, along with an explanatory memorandum.
The Regulations extend:
On 9 July 2024, the European Securities and Markets Authority (ESMA) issued the following consultation papers on the Central Securities Depositories Regulation (CSDR) Refit:
On 9 July 2024, the European Securities and Markets Authority (ESMA) published the results of its fifth stress test exercise for central counterparties (CCPs).
Whilst the stress test confirmed the overall resilience of the EU clearing landscape it also found that some gaps persist in the coverage of concentration risk across
On 25 April 2024, the European Parliament issued a press release stating that it had adopted the text of a proposed Regulation amending the European Market Infrastructure Regulation as regards measures to mitigate excessive exposures to third country central counterparties (CCPs) and improve the efficiency of EU clearing markets (EMIR 3).
On 24 April 2024, the European Securities and Markets Authority (ESMA) published a follow up report which sets out the main outcomes of the global central counterparty (CCP) fire drill that took place during the week starting 13 November 2023. The exercise involved over 30 global CCPs running a simulation of
On 11 April 2024, the European Securities and Markets Authority (ESMA) published a Follow-up Report to the Peer Review into supervisory actions aiming at enhancing the quality of data reported under the European Market Infrastructure Regulation (EMIR). The follow up updates on the actions that Member State competent authorities (NCAs
On 27 March 2024, the European Securities and Markets Authority (ESMA) published a statement on deprioritising supervisory actions linked to the clearing obligation for third-country pension scheme arrangements (TC PSA), pending the finalisation of the review of the European Market Infrastructure Regulation (EMIR). The Council of the EU and
On 21 March 2024, the European Securities and Markets Authority (ESMA) published a Feedback Statement received to its October 2023 Call for Evidence on shortening the settlement cycle.
Regulation (EU) 2023/2845 (CSDR Refit) mandates ESMA to submit to the European Commission (Commission) by 17 January 2025 a report on
Our podcast series Split the difference explores divergence between the EU and UK regulatory regimes in the markets space. In the latest episode, Hannah Meakin, Anna Carrier, Georgia Karamani, Floortje Nagelkerke and Simon Lovegrove explore EMIR 3.0 and how the proposed new rules compare with the UK regime.