Post-Trading Committees

The Post-Trading Standing Committee (PTSC)

It is composed of representatives of the 28 EU national authorities (where there is more than one national authority in a Member State those authorities will agree which of their heads will represent them), with one observer from the European Commission, from Norway, Iceland and Lichtenstein. It undertakes ESMA’s work relating to clearing and settlement of transactions in financial instruments, including the roles of financial market infrastructures and any other entities providing post-trading services.

In particular, the PTSC is responsible for elaborating advice to the European Commission, and technical standards and guidelines and recommendations relating to the Regulation on OTC Derivatives, Central Counterparties and Trade Repositories. The PTSC is also responsible for developing ESMA’s policy on the regulation of central securities depositories (CSDs) and on the regulatory and supervisory implications of the TARGET2-Securities project.

Finally, the PTSC fosters supervisory convergence among the national authorities in its area of competence.


Any correspondence regarding the work of PTSC should be sent to post-trading[at]

Consultative Working Group

The PTSC is supported by a Consultative Working Group (PT CWG) made up of external stakeholder representatives.

Members Title
Giuseppe Vegas (Chair) Chairman of Commissione Nazionale per le Società e la Borsa (CONSOB), Italy
Jesus Benito BME
Les Betsill
Diana Chan  EuroCCP
Helen De Geer NASDAQ OMX
Natasha De Terán SWIFT
Ulrich Karl HSBC
Roland Kipper Commerzbank
Eric Litvack SocGen
Stephen Lomas DB
Noel Miles Fidelity
Mathias Papenfuss Clearstream Banking AG
Fabrizio Plateroti Borsa Italiana
Martin Pluves LCH Clearnet
Valerie Sainsaulieu Lafarge
Paul Symons Euroclear
Marc Tibi BNPP
Jaime Viladecans Bombardó Caixabank
Adriana Tanasoiu

About Post-trading

ESMA’s main roles in the post-trading area are implementing regulations on the EU’s markets infrastructure (EMIR) and central securities depositories (CSDR), co-ordinating issues such as settlement discipline and Target2-Securities (T2S), and providing information on the Settlement Finality Directive (SFD).



Questions and Answers

26/11/2015 | ESMA and SFC to exchange information on derivative contracts held in trade repositories

The European Securities and Markets Authority (ESMA) and the Securities and Futures Commission (...See more

19/11/2015 | ESMA will not exempt the collateralisation of bank guarantees for energy derivatives under EMIR

The European Securities and Markets Authority (ESMA) has decided not to further extend the...See more

13/11/2015 | ESMA updates EMIR standards on data reporting

The European Securities and Markets Authority (ESMA) has published today an update of existing...See more

05/11/2015 | ESMA consults on indirect clearing arrangements

The European Securities and Markets Authority (ESMA) has opened today a...See more


For general queries on EMIR please contact:

For queries on TR registration please contact:

For queries on EU CCPs authorisation please contact:

For queries on TC-CCPs (non-EU CCPs) recognition please contact:

For queries on CSDR please contact: 


Post-trading committees

Standing Committee

Consultative Working Group



List of acronyms on Post-Trading