ESAs propose extending the EMIR equity option exemption

ESAs propose extending the EMIR equity option exemption

Metadata

Provider: 

ESMA

URL: 

https://www.esma.europa.eu/press-news/esma-news/esas-propose-extending-emir-equity-option-exemption

Retrieved on: 

Tuesday, January 2, 2024

Information

Tags: 

EIOPA, RTS, European Commission, Economy, European Market Infrastructure Regulation, EBA, European Parliament, EMIR, Civil service commission, Committee of Permanent Representatives, Letter, ESMA, Committee, Review, Financial adviser

Summary

Key Points: 

• ESAs propose extending the EMIR equity option exemption
  The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) published today the joint draft regulatory technical standards (RTS) under the European Market Infrastructure Regulation (EMIR) where they are proposing a two-year extension to the equity option exemption from bilateral margining, as well as issue a no-action opinion.
• Today’s draft RTS provide clarity to market participants on how to handle equity options as from 4 January 2024, the date on which the current temporary exemption is set to expire.
• More specifically, the ESAs are proposing to extend the temporary exemption and are issuing a no-action Opinion which includes clarifications on the supervisory expectations.
• These texts introduce specific provisions on equity options, including a permanent exemption.

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