监管\Regulations
√Esma达成衍生品数据报告的“里程碑”
√SEC放宽掉期交易商注册路径
√欧洲将在脱欧后承认英国中央证券存管机构为第三国中央证券存管机构
Esma达成衍生品数据报告的“里程碑”
上周四，欧洲证券和市场管理局(Esma)发布了欧洲市场基础设施规例规管适应度及表现计划（EMIR Refit）下技术标准的最终报告。Esma主席Steven Maijoor表示，该最终报告是一个重要的里程碑，旨在确保欧盟衍生品报告标准与全球认可的建议做法完全一致，并为全球数据质量建立最高标准。在国际标准方面，报告建议在向交易存储库报告的关键场外衍生品数据元素的定义、格式和使用等方面与支付与市场基础设施委员会和国际证券委员会组织(CPMI-IOSCO)制定的原则保持一致。Esma在声明中表示，采用CPMI-IOSCO原则不仅可以促进全球数据的统一，而且可以促进受衍生品报告要求约束的非欧盟实体的合规性。
SEC放宽掉期交易商注册路径
美国证券交易委员会(SEC)出台一项关于以证券为基础的互换的新规则，SEC称这将减少某些设施和交易商面临的重叠监管，有助于确保2021年顺利启动交易商注册。SEC在其声明中说明，新规则豁免了以证券为基础的互换中执行设施和交易商的相关活动，使其免于触发同时被注册为清算机构的要求，并使该框架与经纪商和国家证券交易所的类似豁免保持一致。SEC表示，“新规则有助于确保上述实体受到与国家证券交易所和经纪商类似的待遇，同时该规则还有助于确保各种类型的受监管的以证券为基础的互换实体受到针对其特定功能的监管。”
欧洲将在脱欧后承认英国中央证券存管机构为第三国中央证券存管机构
欧洲证券和市场管理局(Esma)已经确认将在12月31日脱欧过渡期结束后，承认在英国设立的中央证券存管机构(CSD)Euroclear UK & Ireland(EUI)为第三国中央证券存管机构。欧盟委员会于11月25日通过了一项等效决定，根据中央证券存管条例(CSDR)，确定适用于在英国设立的CSD的监管和监督框架是等效的。Esma表示，“等效决定是CSDR规定承认第三国CSD需要满足的几个条件中的第一个条件，其他条件还包括与母国监管机构建立合作安排。Esma已与英格兰银行达成新的谅解备忘录，为承认和监管英国CSD建立必要的合作安排。该承认决定将从明年1月1日适用到2021年6月30日。
Esma marks derivatives data reporting "milestone"
The European Securities and Markets Authority (Esma) released a Final Report on technical standards under the EMIR Refit regulation last Thursday.Steven Maijoor,chair of the Esma,said that Final Report is an important milestone towards ensuring the full alignment of EU derivatives reporting with globally agreed recommendations,and in establishing the highest standards for data quality worldwide.On international standards,the report proposes alignment with the definition,format and usage of key over-the-counter derivatives data elements reported to trade repositories under principles set out by the Committee on Payments and Market Infrastructures and International Organization of Securities Commissions (CPMI-IOSCO).In its statement,ESMA said that adopting the CPMI-IOSCO principle will not only foster global data harmonisation,but will facilitate compliance for non-EU entities that are subject to derivative reporting requirements.
SEC eases path to swap dealer registration
A new US rule on security-based swaps will reduce the exposure of certain facilities and dealers to overlapping regulations,helping to ensure a smooth launch of dealer registration in 2021,according to the Securities and Exchange Commission (SEC).In its statement,the SEC said the new rule exempts certain activities of security-based swap execution facilities and security-based swap dealers from triggering a requirement that they also register as a clearing agency,bringing the framework into line with similar exemptions for broker-dealers and national securities exchanges.“The rule helps ensure that those entities are treated similarly to national securities exchanges and broker-dealers.Also the rule helps ensure that the various types of regulated security-based swap entities are subject to regulations tailored to their specific functions”,the SEC said.
Europe to recognise Euroclear UK & Ireland post-Brexit
The European Securities and Markets Authority (Esma) has confirmed that it will recognise Euroclear UK & Ireland (EUI),a central securities depository (CSD) established in the UK,as a third-country CSD after the end of the Brexit transition period on December 31.The European Commission adopted an equivalence decision on November 25,which determined that the regulatory and supervisory framework applicable to CSDs established in the UK is equivalent in accordance with the Central Securities Depositories Regulation (CSDR).Esma said:"An equivalence decision is the first of several conditions to be met for the recognition of a third country-CSD under CSDR,which also include the establishment of cooperation arrangements with the home supervisor.Esma has agreed with the Bank of England a new Memorandum of Understanding establishing the necessary cooperation arrangements for the recognition and supervision of UK CSDs under CSDR."The recognition decision will apply from January 1 until June 30 2021.
