On 28 January 2025, the European Securities and Markets Authority (ESMA) issued a Final Report which presents draft amendments to the regulatory technical standards (RTS) incorporated in Commission Delegated Regulation (EU) No 876/2013 on colleges for central counterparties.

The draft amendments concern only Member State competent authorities and do not impose any additional requirements on market participants. They reflect the changes made to Article 18 of the European Market Infrastructure Regulation (functioning of central counterparty colleges) by Regulation (EU) No 2024/29873. Specifically, the draft amendments concern the practical arrangements for the functioning of the college with regard to the respective roles of the co-chairs and the interaction between them, the information to be shared with the college and the modalities of communication between college members.

Next steps

The Final Report, including the draft amendments to the Delegated Regulation presented in Annex II will be sent to the European Commission. The Commission has three months to decide whether to endorse the amendments to the technical standards in the form of a Commission Delegated Regulation. Following the endorsement, they are then subject to non-objection by the European Parliament and the Council.