Central Bank statement on clearing and trading obligations

The Central Bank welcomes the recent European Securities and Markets Supervisory Authority (ESMA) statement on the clearing and trading obligations 21 December deadline.

The Central Bank confirms that, in accordance with the recommendation from ESMA and pending the entry into force of EMIR Refit and the amending RTS, the Central Bank will apply its risk-based supervisory powers in the day-to-day enforcement of applicable legislation (i.e. EMIR’s clearing obligation and MiFIR’s trading obligation) in a proportionate manner.