The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today launched two public consultations following the review of the European Market Infrastructure Regulation (EMIR 3).
ESMA is encouraging stakeholders to share their views on:
the conditions for extensions of authorisation and the list of required documents and information for applications by central counterparties (CCPs) for initial authorisations and extensions, and
the conditions for validations of changes to CCP’s models and parameters and the list of required documents and information for applications for validations of such changes.
EMIR 3 introduces several measures to make EU clearing services and EU CCPs more efficient and competitive, notably by streamlining and shortening supervisory procedures for initial authorisations, extensions of authorisation and validations of changes to models and parameters.
