ESMA specifies requirements to facilitate safe use of post-trade risk reduction services

The summary above is from the announcement ESMA published on October 25, 2026.

What the announcement says

With these new rules in place, the goal is to facilitate the use of PTRR services and ensure that the exemption is used under the conditions laid down in EMIR 3 and does not lead to the misuse of the clearing obligation.

The final report specifies the elements and requirements of PTRR services, including the information to be provided to participants, how exercises are carried out, the controls that providers should have in place, record-keeping and how the exemption will be monitored.

PTRR services help market participants manage their derivatives portfolios and reduce risks, thereby contributing to safer and more resilient derivatives markets.

The final rules build on existing market practices and aim to avoid introducing additional requirements where existing rules already meet the relevant objectives, in line with ESMA’s simplification and burden reduction objectives.

The draft Regulatory Technical Standards will now be submitted to the European Commission for endorsement, in line with the standard review process.

Final report on the Regulatory Standards on the requirements for Post-Trade Risk Reduction services for the purpose of the clearing obligation exemption under EMIR

ESMA

Supervisory announcements can change which entity is allowed to serve clients in a region, what investor protection applies to them, and which firms are under scrutiny.

Read the full announcement on ESMA

Compiled automatically from the source listed below. Follow the link for the full announcement.