Consultation on Draft RTS on order of compensation art. 20

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Type of event

ESMA invites comments on all matters in this paper and in particular on the specific questions summarised in Annex 1. Comments are most helpful if they:

  1. respond to the question stated;
  2. indicate the specific question to which the comment relates;
  3. contain a clear rationale; and
  4. describe any alternatives ESMA should consider.

ESMA will consider all comments received by 20 September 2021.

All contributions should be submitted online at under the heading ‘Your input - Consultations’.

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 publicly 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.

Activity Institution Download
Central Counterparty (CCP) CCP12 - The Global Association of Central Counterparties
  • 120878
Central Counterparty (CCP) European Association of CCP Clearing Houses
  • 120886
Central Counterparty (CCP) The London Stock Exchange Group
  • 120903
Central Counterparty (CCP) BME CLEARING
  • 120913
Others FIA and ISDA
  • 120923