ESMA consults on technical standards on Trade Repositories under EMIR REFIT

Proposed RTS and ITS

Metadata
Provider: 
ESMAESMA
URL: 
https://www.esma.europa.eu/press-news/esma-news/esma-consults-technical-standards-trade-repositories-under-emir-refithttps://www.esma.europa.eu/press-news/esma-news/esma-consults-technical-standards-trade-repositories-under-emir-refit
Retrieved on: 
Friday, March 27, 2020
Information
Tags: 
Corporate law, European Market Infrastructure Regulation, Financial regulation, Systemic risk, Essential Services Maintenance Act, Government, Law, Articles
Summary
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.
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