Page 34 - 期货和衍生品行业监管动态（2023年4月）
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期货和衍生品行业监管动态
The European Securities and Markets Authority (ESMA), the EU’s financial
markets regulator and supervisor, has launched a consultation on amendments to its
Guidelines for Trade Repositories (TRs) on position calculation under EMIR.
In the consultation, ESMA is seeking input from market participants, in particular
TRs and authorities with access to EMIR data, on the extent to which consistency of
position calculation can be enhanced across TRs under EMIR Refit standards regarding:
the scope of data to be used;
the time of calculation, and
the calculation methodologies.
The Guidelines are intended for TRs and aim to ensure they calculate positions in
derivatives in a harmonised manner and in line with the revised technical standards
under EMIR Refit.
Next steps
ESMA will consider the feedback it receives to this consultation with a view to
publishing the final report together with the updated XML schemas by early Q4 2023.
https://www.esma.europa.eu/press-news/esma-news/esma-consults-position-
calculations-trade-repositories
10. 欧盟证券与市场管理局发布零星股份指导意见（2023 年 3 月 28 日）
欧盟证券与市场管理局（ESMA，欧盟证券市场的监管者）发布了一份公开
声明，解决零星股份衍生品所引发的投资者保护问题。
该声明强调，零星股份衍生品并非公司股份，因此投资公司在提及这些工具
时不应使用“零星股份（fractional shares）”这一术语。此外，为了使客户能够
合理地了解特别类型金融工具的性质和风险，投资公司应向投资者明确说明他们
正在购买的是一种衍生工具。
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