ESMA consultation on the Technical Standards for elaboration of EMIR

ESMA, the European Securities and Markets Authority, consult the technical standards that are part of the Regulation on OTC Derivatives, CCPs and Trade Repositories (EMIR), until 5 August 2012.

The consultation will deal, inter alia, with the type of data that users of derivatives have to provide in order to comply with the disclosure obligations, the actions that must be taken by central counterparties and trade repositories to obtain registration, and when parties can obtain an exemption from the requirements imposed by EMIR on OTC derivatives.

• To the press release and the consultation paper (on the ESMA website)

The AFM promotes fairness and transparency within financial markets. We are the independent supervisory authority for the savings, lending, investment and insurance markets. The AFM promotes the conscientious provision of financial services to consumers and supervises the honest and efficient operation of the capital markets. Our aim is to improve consumers’ and the business sector’s confidence in the financial markets, both in the Netherlands and abroad. In performing this task the AFM contributes to the prosperity and economic reputation of the Netherlands.