ESMA published updated EMIR Q&A - No 12

31 March 2015

The Q&A provides answers and guidance regarding the implementation of EMIR.

This update includes further guidance on the authorisation of CCP services, the clearing obligation and the Regulatory Technical Standards (RTS) on direct, substantial and foreseeable effect of contracts within the Union.

The content of the Q&A document is aimed at competent authorities under the Regulation to ensure that in their supervisory activities their actions are converging along the lines of the responses adopted by ESMA. It should also help investors and other market participants by providing clarity on the requirements under EMIR.

Full press release

Full Q&A

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