The European Securities and Markets Authority (ESMA) has published its trade repository supervision work plan 2014. Under Titles VI and VII of the European Market Infrastructure Regulation (EMIR), the direct supervision of trade repositories (TRs) has been given to ESMA which has started to supervise the six TRs that it registered in November 2013.

The majority of ESMA’s activities in 2014 in terms of on-going supervision of TRs will be desk based and include:

  • monitoring and assessing periodical information received from TRs;
  • monitoring and assessing notifications by TRs of material changes to their conditions for registration;
  • analysis of external information received from authorities or complainants; and
  • requests for information.

In addition to on-going supervision, ESMA has the right under EMIR to use certain investigatory powers. The main types of investigatory powers under EMIR are: requests for information, general investigations and on-site inspections.

View ESMA publishes trade repository supervision work plan 2014, 1 April 2014

View ESMA trade repository supervision work plan 2014, 1 April 2014