ESMA explains classification of third-country counterparties in weekly position reports
Tuesday 12 July 2022 11:32
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today released an Opinion on the classification of third-country counterparties. This clarifies how third-country financial entities should be classified in the weekly positions reports on commodity derivatives and emission allowances derivatives under MiFID II.
The Opinion states that for the purpose of the weekly position reports, third-country financial entities should be classified as they would be classified if they were established in the EU. Its aim is to improve the quality and consistency of these reports.
Weekly position reports provide…