EMIR 3: Publication of ESMA’s final report on the active account requirement

This requirement mandates EU market participants to maintain an active account at an EU-based CCP for certain derivatives, thus ensuring better control and stability within the European financial system.

The final report outlines the Regulatory Technical Standards (RTS) for the AAR, which will now be submitted to the European Commission for approval. If adopted, these RTS will be subject to the Parliament and Council’s scrutiny through a no-objection procedure.