Consultation on amendments to the EMIR Clearing Obligation under the Securitisation Regulation
Responding to this paper
The European Securities Authorities (ESA) invite responses to the questions listed in this Consultation Paper on the amendments to the EMIR Clearing Obligation under the Securitisation Regulation.
All contributions should be submitted online using the reply form at www.esma.europa.eu under the heading ‘Your input - Consultations’.
Please follow the instructions given in the document Reply form for the Consultation Paper on the Amendments to the EMIR Clearing Obligation under the Securitisation Regulation also published on the ESMA website.
Comments are most helpful if they:
- respond to the question stated;
- indicate the specific question to which the comment relates;
- contain a clear rationale; and
- describe any alternatives the ESAs should consider.
Please note that the length of the consultation period has been set to six weeks as the scope of this consultation paper is relatively limited. The ESAs will consider all comments received by 15 June 2018.
Publication of responses
All contributions received will be published following the close of the consultation, unless you request otherwise. Please clearly and prominently indicate in your submission any part you do not wish to be publically disclosed. A standard confidentiality statement in an email message will not be treated as a request for non-disclosure. A confidential response may be requested from us in accordance with ESMA’s rules on access to documents. We may consult you if we receive such a request. Any decision we make not to disclose the response is reviewable by ESMA’s Board of Appeal and the European Ombudsman.
Information on data protection can be found at www.esma.europa.eu under the heading ‘Legal Notice’.
Who should read this paper
All interested stakeholders are invited to respond to this consultation paper. In particular, responses are sought from counterparties who are entering into OTC derivatives transactions with covered bond issuers or with cover pools for covered bonds, or who are entering into OTC derivatives transactions with Securitisation Special Purpose Entities (SSPEs), as well as central counterparties (CCPs).