ESMA lays out procedure for ETDs access to CCPs under MiFID II

MiFID Firms

Date: 06 October 2017

On 15 September 2017, the European Securities and Markets Authority (ESMA) issued a procedure under Markets in Financial Instruments Regulation (MiFIR) laying out the steps for trading venues to temporarily opt-out from access provisions for exchange-traded derivatives (ETDs).

Trading venues are invited to send their notifications to the following address: smk@esma.europa.eu. As clarified in a Q&A recently published by ESMA, “Trading venues should notify their intention to temporarily opt-out of the access provisions to ESMA at the very latest by the end of September 2017 according to the requirements set out in in Articles 17 and 19 of Commission Delegated Regulation (EU) 2017/581”.