ESMA consults on technical standards on Trade Repositories under EMIR REFIT

Proposed RTS and ITS

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Key Points: 
  • Proposed RTS and ITS

    EMIR as amended by EMIR REFIT contains a series of empowerments for ESMA to develop draft technical standards.

  • In particular, it mandates ESMA to develop:

    1.

  • RTS on the procedures to be applied by the TRs to reconcile and validate the data; and

    4.

  • Considering the above mandate, ESMA developed the draft technical standards, by either amending the existing provisions or by including new ones stemming from the extended empowerments.