Page 25 - 期货和衍生品行业监管动态（2025年10月）

期货和衍生品行业监管动态

两套监管技术标准明确规定了：

1. 中央对手方申请首次许可及展期所需满足的条件、需提交的文件与信息

清单；

2. 中央对手方模型与参数变更验证所需满足的条件，以及申请此类变更验

证需提交的文件与信息清单。

ESMA 曾于 2025 年第一季度就监管技术标准草案公开征求意见，最终报告

已充分考虑所获反馈意见。

下一步

两套监管技术标准将提交欧盟委员会审议，通过后将接受欧洲议会与欧盟理

事会的联合审查。

ESMA Publishes Technical Standards on CCP Authorisations, Extensions and

Validations (2025/10/9)

The European Securities and Markets Authority (ESMA), the EU’s financial

markets regulator and supervisor, has published its Final Reports on the Regulatory

Technical Standards (RTS) on central counterparties’ (CCPs) authorisations,

extensions of authorisation and model validations, following the review of the

European Market Infrastructure Regulation (EMIR 3).

EMIR 3 introduces several measures to make EU clearing services and EU CCPs

more efficient and competitive, notably by streamlining and shortening supervisory

procedures for initial authorisations, extensions of authorisation and validations of

changes to models and parameters.

The two sets of RTS specify:

1. the conditions for extensions of authorisation and the list of required

documents and information for applications by CCPs for initial

authorisations and extensions thereof, and

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