European Securities and Markets Authority

Clearing & Post-Trade

Japan FSA Grants QCCP Recognition to TAIFEX

By Manesh Samtani | 13/11/2023

The QCCP recognition will enable Japanese financial institutions to participate in central clearing of OTC derivatives in Taiwan.

Stablecoins

EBA Issues Third Batch of MiCA-related Consultations

By Editors | 09/11/2023

The consultations cover transaction reporting, recovery planning, own funds, stress testing, and liquidity requirements for stablecoin issuers.

Clearing & Post-Trade

ESMA Forced to Pause Withdrawal of UAE CCP Recognition

By Editors | 30/10/2023

ESMA’s decision to withdraw its recognition of the Dubai Commodities Clearing Corporation is effectively suspended.

Clearing & Post-Trade

ESMA Recognises Indonesia’s IDClear as Third Country CCP

By Editors | 29/10/2023

The recognition will make it easier and more cost-effective for European counterparties to access Indonesia’s derivatives market.

Cryptocurrency

EBA, ESMA Consult on Suitability, Remuneration Under MiCA

By Editors | 23/10/2023

Joint guidelines cover suitability of management, owners and board members of crypto firms and stablecoin issuers. Separate EBA consultation covers remuneration policies.

Reporting & Disclosures

ESMA Warns on “Misleading” Use of ESG-related Terms by Funds

By ESG Investor | 23/10/2023

Research by ESMA shows that ESG-related named funds attract more inflows, raising concerns about potential greenwashing.

Cryptocurrency

ESMA Calls on NCAs, Crypto Firms to Start Preparing for MiCA

By Manesh Samtani | 20/10/2023

ESMA is concerned that MiCA’s optional grand-fathering period might allow some crypto firms to continue operating without a full licence all the way until July 2026.

Clearing & Post-Trade

ESMA Proposes Fee Changes for Tier 1 Third Country CCPs

By Editors | 15/10/2023

Tier 1 third-country CCPs would be allocated annual fees via a weighting factor which depends on global turnover.

DeFi & Web3

ESMA Publishes Two Papers on DeFi Risks and Categorisation

By Mark Johnston | 13/10/2023

One paper analyses the main features, benefits and challenges of DeFi. The other proposes a methodology to classify smart contracts.