Esma's Maijoor plans to submit draft Mifir RTS, draft amendments to the Emir RTS together
The European Securities
and Markets Authority (Esma) has told the European Commission
the delay to the submission of draft Mifir/Mifid II regulatory
technical standards (RTS) on indirect clearing, was to ensure
consistency with indirect clearing rules under Emir.
In a letter sent to the
Commission on Friday, Steven Maijoor, chair of Esma, said the
rules had been delayed to allow the regulator to consult on
possible amendments to the Emir RTS for indirect clearing of
over-the-counter (OTC) derivatives.
Mifir mandates that
Esma’s RTS for the indirect clearing of exchange
traded derivatives be consistent with those for OTC derivative
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