Europejski Urząd Nadzoru Giełd i Papierów Wartościowych (European Securities and Markets Authority - ESMA), Raport końcowy w sprawie obowiązków rozliczeniowych i obrotu instrumentami pochodnymi w świetle zmiany benchmarku w 2022 r.

1 February 2023

ESMA70-446-772

Final Report

On the clearing and derivative trading obligations in view of the 2022 status of the benchmark transition

1 Executive Summary

Reasons for publication

This final report presents draft regulatory technical standards (RTS) amending the RTS on the clearing obligation (CO) and on the derivative trading obligation (DTO) that ESMA has developed under Article 5(2) of Regulation (EU) No 648/2012 of the European Parliament and Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (EMIR), and under Article 32 of Regulation (EU) No 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments (MiFIR), respectively. The draft RTS relate to the benchmark transition away from EONIA and LIBOR and onto new Risk-Free Rates (RFR).

ESMA ran a public consultation until 30 September 2022 with a proposal to further amend the scope of the CO and the DTO to accompany the benchmark transition....