ESMA publishes consultation paper on Active Account Requirements

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Date: 29 November 2024
The Consultation Paper on the conditions of the Active Account Requirement (AAR) has now be published on ESMA’s website
 
The Consultation Paper has been updated with the final legal references following the jurist-linguist process and the final adoption of EMIR 3 by co-legislators. In agreement with the Commission, the Consultation Paper is exceptionally published shortly ahead of the publication of EMIR 3 in the EU Official Journal to balance the short deadline for ESMA to submit the draft RTS to the Commission with the need to allow sufficient time for proper consideration and comment by all relevant stakeholders during the public consultation phase. 
 
The Consultation will run until 27 January 2025 and will be accompanied by a public hearing on 20 January 2025.