Third-Country Markets Considered as Equivalent to a Regulated Market in the Union for OTC Derivatives Reporting
ESMA has released an updated list of third-country markets considered as equivalent to a regulated market in the Union for the purposes of reporting exchange-traded derivatives under EMIR. It is worth noting that amongst the five regulated markets added to the list, ESMA has included crypto asset derivatives markets as equivalent to a regulated market, certainly in preparation of EMIR REFIT. EMIR firms trading in derivatives on any of the newly added exchanges will have to comply with the validations relating to fields 2.15 “venue of execution,” 2.5 “product identification type,” 2.34 “clearing obligation” and 2.38 “intragroup.”
The full list of exchanges considered as equivalent to a regulated market can be found here.