ESMA consults on reporting framework for clearing activity at recognised third-country CCPs
ESMA consults on reporting framework for clearing activity at recognised third-country CCPs 18 August 2026 CCP Simplification and Burden Reduction The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, has launched a consultation on a proposed annual reporting framework under EMIR for clearing activity at recognised third-country central counterparties (CCPs), aimed at improving supervisory visibility of EU firms' exposures to such CCPs. The consultation paper sets out ESMA's proposed Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) under European Market Infrastructure Regulation (EMIR). The reporting obligation will apply to clearing members and clients that clear transactions through recognised third country CCPs. The objective is to provide supervisory authorities with a structured and consistent overview of the scale, characteristics and risk profile of EU firms' exposures to recognised third-country CCPs, contributing to the broader monitoring framework established under EMIR 3. In line with ESMA’s simplification and burden reduction agenda, the proposal seeks to maximise the reuse of information already available through existing reporting channels and limits new requirements to the information that is not available to ESMA or competent authorities. Once implemented, the new requirements will establish a harmonised approach to reporting clearing activity at recognised third-country CCPs. Next steps ESMA invites stakeholders to provide feedback on the reporting framework, templates and format by 12 October 2026. Following the consultation, ESMA will assess the responses received and prepare a Final Report. Further information: Cristina Bonillo Senior Communications Officer press@esma.europa.eu 18/08/2026 ESMA12-2121844265-6008 Consultation paper on the reporting framework under EMIR for clearing activity at recognised third-country CCPs Consultation on the reporting framework under EMIR for clearing activity at recognised third-country CCPs
Source: European Securities and Markets Authority · August 18, 2026 at 10:51 PM · AI-assisted report
Single-sourceKUALA LUMPUR, 19 AUGUST 2026 —
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EU Proposes New Reporting Rules for Clearing via Non-EU CCPs
Market Impact
KUALA LUMPUR, Aug 19 — The European Securities and Markets Authority (ESMA) has launched a public consultation on a new annual reporting framework for clearing activity conducted through recognised third-country central counterparties (CCPs). The move aims to enhance supervisory visibility over EU firms’ exposures to non-EU clearing houses under the updated European Market Infrastructure Regulation (EMIR 3).
The proposed framework will require clearing members and clients using recognised third-country CCPs to submit structured data on the scale, nature, and risk profile of their exposures. ESMA intends to minimise additional reporting burdens by reusing existing data where possible, focusing only on information not already available to regulators. The consultation period runs until October 12, 2026, after which ESMA will finalise the technical standards.
Malaysian financial institutions with EU clearing exposures should monitor the development, as the harmonised reporting approach may influence future cross-border regulatory expectations. While the rules target EU firms, global market participants engaging with EU clearing channels could face indirect compliance considerations.
Details not yet available on how the framework may interact with existing Malaysian or ASEAN reporting regimes. The consultation paper and templates are accessible via ESMA’s website, with final standards expected in 2027.