Consultation on Guidelines for establishing consistent, efficient and effective assessments of interoperability arrangements

Consultation on Guidelines for establishing consistent, efficient and effective assessments of interoperability arrangements

from 20 December 2012 to 31 January 2013

Details

This paper is published to consult on draft ESMA guidelines issued in accordance with Article 16(2) of Regulation (EU) No 1095/2010 (ESMA Regulation) and as required under Article 54(4) of Regulation (EU) 648/2012 on OTC derivatives, central counterparties and trade repositories (the Regulation or EMIR).
Contents
Section II explains the background to the draft guidelines in the context of ESMA’s work on developing standards for CCPs. Section III sets out and explains the draft guidelines for establishing consistent, efficient and effective assessments of interoperability arrangements.
Next steps
ESMA will consider the responses it receives to this consultation and expects to publish final guidelines by the end of Q1 2013.
The draft guidelines are separate from the work ESMA has done to produce draft Regulatory and Imple-menting Technical Standards (technical standards) under EMIR. The guidelines will clarify obligations for National Competent Authorities (NCAs) in relation to their assessment of applications from CCPs to enter into interoperability arrangements.

1 RELATED DOCUMENTS
Document available for this Consultation
DateReferenceTitleDocument
20/12/20122012/852Guidelines for establishing consistent, efficient and effective assessments of interoperability arrangements

Responses

Operations
Activity Institution Download
European Central Counterparty Limited
FWB, Frankfurt Stock Exchange
response_fwb.pdf (124.43 KB)
Asset Management BVI
Others Federation of Finnish Financial Services
Others The Association for Financial Markets in Europe
Others European Multilateral Clearing Facility N.V. Amsterdam
Others LCH.Clearnet Group
Others International Swaps and Derivatives Association, Inc.
Others Eurex Clearing
Others The Alternative Investment Management Association Limited
Regulated markets, exchanges & trading systems SIX x-clear
Regulated markets, exchanges & trading systems NYSE Euronext
Regulated markets, exchanges & trading systems London Stock Exchange Group