Consultation No 4 on the Clearing Obligation under EMIR

Consultation No 4 on the Clearing Obligation under EMIR

from 11 May 2015 to 15 July 2015


Responding to this paper The European Securities and Markets Authority (ESMA) invites responses to the questions listed in this Consultation Paper on the Clearing Obligation under EMIR (no.4).All contributions should be submitted online at under the heading ‘Your input - Consultations’. Please follow the instructions given in the document ‘Reply form for the Consultation Paper on the Clearing Obligation under EMIR (no.4)’ also published on the ESMA website ( 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 ESMA should consider.ESMA will consider all comments received by 15 July 2015Publication of responsesAll 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.Data protectionInformation on data protection can be found at under the heading Legal Notice.Who should read this paperAll interested stakeholders are invited to respond to this consultation paper. In particular, responses are sought from financial and non-financial counterparties of OTC derivatives transactions which will be subject to the clearing obligation, as well as central counterparties (CCPs).

Documents available for this Consultation
11/05/20152015/807Reply Form for the Consultation Paper No 4 on the Clearing Obligation
11/05/20152015/807.Consultation Paper No 4 on the Clearing Obligation under EMIR


Activity Institution Download
Finance Norway
Managed Funds Association
Asset Management Czech Capital Market Association
Banking Deutsche Bank
Banking ISDA / FIA Europe / Investment Association
Banking Barclays Bank PLC
Banking Czech Banking Association
Banking European Covered Bond Council (ECBC)
Banking German Banking Industry Committee
Government, Regulatory and Enforcement Sveriges Riksbank and Swedish National Debt Office
Government, Regulatory and Enforcement European Systemic Risk Board
Investment Services Citadel LLC
Investment Services Swedish Securities Dealers Association and Danish Bankers Association
Others LCH.Clearnet Group Limited
Others European Association of CCP Clearing Houses (EACH)
Regulated markets, exchanges & trading systems Federation of European Securities Exchanges