On 18 August 2026, the European Securities and Markets Authority (ESMA) issued a consultation on a proposed annual reporting framework under the revised European Markets Infrastructure Regulation (EMIR) for clearing activity at recognised third-country central counterparties (TC-CCPs).
Background
Regulation (EU) 2024/2987 introduced Article 7d into EMIR, which mandates ESMA
On 17 August 2026, there was published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2026/1000 of 5 May 2026 supplementing the European Market Infrastructure Regulation by specifying the method for the determination of fees charged by the European Banking Authority for the validation of the pro forma models
On 14 August 2026, the European Securities and Markets Authority announced that the new weekly commodity derivatives position reporting framework will go live on 3 September 2026.
From this date, market participants will be required to submit weekly position reports in accordance with the updated requirements, technical specifications and validation rules introduced by XML schema
On 27 July 2026, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) issued a news update on the publication of detailed rules on the transition to a T+1 settlement cycle (T+1) by the European Commission (EC). Under the T+1 system, the settlement of transactions in
In this latest edition of Regulation Around the World, we focus on the global transformation of the settlement of securities transactions, as many jurisdictions begin to shift from a standard settlement timeline of two business days after trade to just one. In this issue, we examine these developments, exploring the regulatory frameworks, cross-border challenges and technological
On 19 May 2026, the Bank of England (BoE) issued a discussion paper on central counterparty (CCP) resolution execution and resolvability outcomes.
Background
The BoE is the resolution authority for UK CCPs and has responsibility, alongside HM Treasury (HMT), for exercising the powers conferred by the CCP resolution regime.
On 13 May 2026, the European Securities and Markets Authority (ESMA) published a resolution briefing for central counterparties (CCPs).
The resolution briefing is issued under Article 25 of the ESMA Regulation and Article 5 of Regulation (EU) 2021/23. The objective of the CCP resolution briefing is to provide a methodology to
On 12 May 2026, the European Securities and Markets Authority (ESMA) updated its Opinion on the Trading Venue Perimeter.
The changes that ESMA has made to its previous opinion are in red.
In particular, ESMA has added a new paragraph 51 regarding pre-trade transparency requirements applicable to non-equity instruments. The paragraph provides that:
On 6 May 2026, the Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published a consultation on proposed amendments to (i) the Resilience of central counterparties (CCPs): Further guidance on the Principles for financial market infrastructures (PFMI) (CCP resilience
On 5 May 2026, the European Commission (Commission) adopted a Delegated Regulation supplementing the European Market Infrastructure Regulation (EMIR) by specifying the method for the determination of fees charged by the European Banking Authority for the validation of the pro forma models referred to in Article 11(3), fourth subparagraph, of that