Trade repositories (TRs) under Regulation EU No 648/2012 (EMIR) centrally collect and maintain the records of derivatives. Under Regulation No 2015/2365, on transparency of securities financing transactions and of reuse and amending EMIR (SFTR), TRs centrally collect and maintain records of securities financial transactions (SFTs).
TRs play a central role in enhancing the transparency of derivative markets and securities financing markets and thus of the financial system.
Under EMIR and SFTR, ESMA has direct responsibilities regarding the registration, supervision and recognition of TRs based outside the EU. EU-based TRs need to be registered, and third country (non-EU) based TRs, which are doing business in the EU need to be recognised by ESMA, in order for counterparties to use them for their reporting requirements.
If you would like to receive further information on the registration process, please contact the Supervision Department at TRemail@example.com.
A list of TRs registered in accordance with EMIR and SFTR is available.
Once registered, ESMA will supervise the TR in order to ensure that it complies on an on-going basis with all regulatory requirements, thereby enabling regulators to access the necessary information in order for them to fulfil their respective missions.
- Guidance on registering trade repositories
- Documents on the format of applications for registration of TRs under EMIR:
- Documents on the format of applications for registration of TRs under SFTR:
- Documents on fees for TRs:
- Documents on fines and penalties for TRs:
- See also the Trade Reporting page for further information on the applicable regulatory provisions.
If you are an employee or a former employee of a TR, please visit the Whistleblowers' Corner. If you do not fall into this category and you wish to submit a complaint about a TR, please fill in this form and email it to TRfirstname.lastname@example.org. In the title of your email, please state "Complaint about trade repository".