Trade repositories centrally collect and maintain the records of derivatives. They play a central role in enhancing the transparency of derivative markets and reducing risks to financial stability.
Under EMIR (Titles VI and VII of Regulation EU n°648/2012), ESMA has direct responsibilities regarding the registration, supervision and recognition of Trade repositories.
In particular, Article 55 EMIR provides that “a trade repository shall register with ESMA . The registration of a trade repository shall be effective for the entire territory of the Union”.
Once registered, the trade repository will be supervised by ESMA in order to ensure that it complies on an on-going basis with all EMIR requirements, thereby enabling regulators to access to data and details of derivative contracts in order for them to fulfil their respective missions.
Queries on registration of Trade repositories can be send to TR-Registration@esma.europa.eu.
For information on other aspects of EMIR, please click here.
From 18 October to 15 November
ESMA consults on Technical Advice to the Commission on procedural rules to impose fines on Trade Repositories