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 85% exemption
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
ESMA_QA_2949
Topic
Crypto-Asset Service Provider (CASP)
28/08/2026
Subject Matter
Use by CASPs of payment accounts provided by non-bank payment service providers for holding clients’ funds
Question
May an authorised CASP temporarily place clients’ funds in an account held with a non-bank payment service provider, such as an electronic money institution or a payment institution, while maintaining adequate arrangements to safeguard clients’ ownership rights in accordance with Article 70(2) of MiCA, provided that those funds are subsequently placed in an account held with a credit institution or a central bank no later than the end of the business day following the day on which they were received, in accordance with Article 70(3) of MiCA?

Furthermore, may clients’ funds remain beyond that deadline in an account held with a credit institution where that account has been opened in the name of, and is held by, a non-bank payment service provider specifically for the CASP and is technically segregated from all other accounts?
Level 1 Regulation
MiCA