Consultation on Central Clearing Solutions for Pension Scheme Arrangements

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Type of event
Joint Committee
Post Trading
Supervisory convergence

​Responding to this paper

The European Securities and Markets Authority (ESMA) invites responses to the questions set out in Annex II of the First Report with Consultation on Central Clearing Solutions for Pension Scheme Arrangements that ESMA drafted under Article 85(2) of the Regulation (EU) No 648/2012 of the European Parliament and Council on OTC derivatives, central counterparties and trade repositories (EMIR, as amended by Refit).


Responses are most helpful if they:


·                respond to the question stated;

·                contain a clear rationale; and

·                describe any alternatives ESMA should consider.

ESMA will consider all responses received by 15 June 2020.


In order to facilitate analysis of responses to the Consultation Paper, respondents are requested to follow the below steps when preparing and submitting their response:

·                Insert your responses to the questions in the Consultation Paper in the present response form.

·                Please do not remove tags of the type <ESMA_QUESTION_CCSPSA_1>. Your response to each question has to be framed by the two tags corresponding to the question.

·                If you do not wish to respond to a given question, please do not delete it but simply leave the text “TYPE YOUR TEXT HERE” between the tags.

·                When you have drafted your response, name your response form according to the following convention: ESMA_CCSPSA_nameofrespondent_RESPONSEFORM. For example, for a respondent named ABCD, the response form would be entitled ESMA_CCSPSA_ABCD_RESPONSEFORM.

Upload the form containing your responses, in Word format, to ESMA’s website ( under the heading “Your input – Open consultations” à “Consultation on central clearing solutions for pension scheme arrangements”).

Publication of responses

All contributions received will be published following the close of the consultation, unless you request otherwise. Please clearly indicate by ticking the appropriate checkbox on the website submission page if you do not wish your contribution to be publicly disclosed. 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.

Data protection

Information on data protection can be found at under the heading “Data protection”.

Who should read the Consultation Paper

All interested stakeholders are invited to respond to this consultation paper. In particular, responses are sought from market participants, pension funds, banks, CCPs, central banks, authorities and trade associations of financial market participants.

Activity Institution Download
Insurance and Pension Insurance Sweden
  • 55736
Asset Management DUFAS
  • 55840
Central Counterparty (CCP) Eurex Clearing (ECAG)
  • 55850
Others International Capital Market Association
  • 55877
Insurance and Pension Arbejdsmarkedets Tillægspension
  • 55887
Insurance and Pension PensionsEurope
  • 55888
Asset Management Insight Investment
  • 55889
Insurance and Pension PKA
  • 55891
Central Counterparty (CCP) European Association of CCP Clearing Houses
  • 55892
Insurance and Pension MN
  • 55897
Asset Management BlackRock
  • 55898
Central Counterparty (CCP) LSEG
  • 55900
Insurance, pension & asset management Dutch Federation of Pension Funds
  • 55903
Insurance and Pension Insurance & Pension Denmark
  • 55907
Banking ABN AMRO Clearing Bank N.V.
  • 55949
Asset Management APG Asset Management N.V.
  • 55929
Banking Futures Industry Association and International Swaps and Derivatives Association
  • 55935