ESMA · ESMA_QA_2867 Forwarded to EC/Public Consultation/Other

Impact of the new clearing obligation thresholds on the AAR scope

Regulation
Regulation 648/2012 - OTC derivatives, central counterparties and trade repositories (EMIR) - CCPs
Topic
EU-CCPs
Submitted
2026-06-15

Question

Under the new clearing threshold regime which distinguishes between financial and non-financial counterparties, and uncleared and cleared trades, how should the second AAR condition referred to under Article 7a(1) of EMIR be assessed?
No answer published yet.

This Q&A is published by European Securities and Markets Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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