ESMA consults on position calculations for Trade Repositories

Mar 28th '23

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has launched a consultation on amendments to its Guidelines for Trade Repositories (TRs) on position calculation under EMIR.


In the consultation, ESMA is seeking input from market participants, in particular TRs and authorities with access to EMIR data, on the extent to which consistency of position calculation can be enhanced across TRs under EMIR Refit standards regarding:


  • the scope of data to be used;
  • the time of calculation, and
  • the calculation methodologies.


The Guidelines are intended for TRs and aim to ensure they calculate positions in derivatives in a harmonised manner and in line with the revised technical standards under EMIR Refit.


Next steps

ESMA will consider the feedback it receives to this consultation with a view to publishing the final report together with the updated XML schemas by early Q4 2023.


Source: ESMA