The European Securities and Markets Authority (ESMA) has published a consultation paper on guidelines on transfer of data between trade repositories (TRs). The proposed guidelines will apply to: (i) counterparties to derivatives; (ii) central counterparties (CCPs) that report derivatives under EMIR; (iii) and to TRs registered or recognised by ESMA. They provide additional clarification on:

  • the reporting of details of derivatives by counterparties and CCPs under Article 9(1) of EMIR;
  • the transfer of derivatives data between TRs at the request of the counterparties to a derivative, or the entity reporting on their behalf, or in the situation covered by Article 79(3) of EMIR; and
  • the record keeping of details of derivatives under Article 80(3) of EMIR.

The deadline for comments on the consultation paper  is 31 March 2017. ESMA expects to publish a final report of the guidelines by end of Q2/ beginning of Q3 of 2017.

View ESMA consults on guidelines on transfer of data between trade repositories, 31 January 2017