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ESMA_QA_2952
Topic
Position reporting
20/10/2026
Subject Matter
Position Reporting
Question
Where a position holder trades only or partly for hedging purposes, are there circumstances where all positions can be reported as being for non-hedging purposes?
Level 1 Regulation
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Secondary Markets
ESMA_QA_2950
Topic
Information to clients on topics other than costs and charges
16/10/2026
Subject Matter
Crowdfunding service providers that charge registration, membership, or other access fees ("investment club" crowdfunding platforms)
Question
How does the ECSPR apply to crowdfunding service providers that charge registration, membership, or other access fees?
Level 1 Regulation
Regulation 2020/1503 - European crowdfunding service providers for business
ESMA_QA_2938
Topic
EU-CCPs
08/10/2026
Subject Matter
AAR representativeness obligation
Question
For the purpose of the AAR representativeness obligation, how should the maturity of trades be calculated, and how should the instruments be assigned to the individual maturity buckets?
Level 1 Regulation
Regulation 648/2012 - OTC derivatives, central counterparties and trade repositories (EMIR) - CCPs
ESMA_QA_2937
Topic
EU-CCPs
08/10/2026
Subject Matter
AAR thresholds caclulation
Question
How should the “notional clearing volume outstanding”, as referred to in Article 7a, paragraph 4 and 8 of EMIR, be calculated?
Level 1 Regulation
Regulation 648/2012 - OTC derivatives, central counterparties and trade repositories (EMIR) - CCPs
ESMA_QA_2936
Topic
EU-CCPs
08/10/2026
Subject Matter
AAR representativeness obligation
Question
Should the “one-half” rule set-out under Article 7a(4), subparagraph 5 of EMIR be applied at the level of the classes of derivatives, or across all classes of derivatives?
Level 1 Regulation
Regulation 648/2012 - OTC derivatives, central counterparties and trade repositories (EMIR) - CCPs