ESMA consults on reporting framework for clearing activity at recognised third-country CCPs

The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, has launched a consultation on a proposed annual reporting framework under EMIR for clearing activity at recognised third-country central counterparties (CCPs), aimed at improving supervisory visibility of EU firms' exposures to such CCPs.

The consultation paper sets out ESMA's proposed Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) under European Market Infrastructure Regulation (EMIR). The reporting obligation will apply to clearing members and clients that clear transactions through recognised third country CCPs. 

The objective is to provide supervisory authorities with a structured and consistent overview of the scale, characteristics and risk profile of EU firms' exposures to recognised third-country CCPs, contributing to the broader monitoring framework established under EMIR 3.

In line with ESMA’s simplification and burden reduction agenda, the proposal seeks to maximise the reuse of information already available through existing reporting channels and limits new requirements to the information that is not available to ESMA or competent authorities. 

Once implemented, the new requirements will establish a harmonised approach to reporting clearing activity at recognised third-country CCPs.

ESMA invites stakeholders to provide feedback on the reporting framework, templates and format by 12 October 2026. Following the consultation, ESMA will assess the responses received and prepare a Final Report.

Senior Communications Officer
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