On Mar. 1, ESMA issued position calculation under EMIR refit guidance.
ESMA issued Guidelines on position calculation under EMIR refit, and guidelines scope.
Follows ESMA Dec. 2023 final report, guidelines on position calculation, see #167773.
Overview
Guidelines apply to TRs registered/recognized by ESMA per articles 55, 77 of EMIR.
They provide information to ensure harmonization and consistency in relation to the calculations carried out by TRs pursuant to article 80(4) of EMIR REFIT Reg 2019/834.
Information on level of access to positions provided by TRs to entities included in EMIR article 81(3) with access to positions in line with article 2 of regulation 151/2013.
Operational aspects for access to position data by entities in EMIR, article 81(3).
And changes introduced by EMIR Refit technical standards, in particular EC delegated regulation 2022/1855 (RTS on reporting), implementing regulation 2022/1860 (ITS on reporting) and guidelines for reporting under EMIR published by ESMA Dec. 14, 2022.
Effectiveness
Existing guidelines applicable as of Dec. 3, 2018 repealed Apr. 29, 2024, replaced with new guidelines that apply from Oct. 28, 2024, providing for 6-month transition.
