The Presidency and the Parliament reached today a provisional agreement on how EU and third country clearing houses should be supervised in the future, taking into particular account the effects of Brexit on the European financial system. The new rules will be implemented through a revision of the European market infrastructure regulation (EMIR) and a revision of the statute of the European system of central banks and the European Central Bank.
The Commission welcomes the political agreement reached today by the European Parliament and EU Member States to ensure a more robust and effective supervision of central counterparties (CCPs) offering services to the EU. This will contribute to preserving the financial stability in the EU.
The European Securities and Markets Authority (ESMA), the EU supervisor of trade repositories (TRs), has registered today DTCC Data Repository (Ireland) PLC as a TR under the European Market Infrastructure Regulation (EMIR), with effect from 1 March 2019.