Reasons for publication

The purpose of these Guidelines is threefold. First of all, they aim at setting the necessary arrangements to foster and facilitate a consistent application of the relevant EMIR requirements that underpin a competitive TR environment. Furthermore, these Guidelines set out the basis to ensure high quality data available to authorities, including the aggregations carried out by TRs, even in those cases where the TR participant changes the TR to which their derivatives are reported. Finally, the Guidelines establish a consistent and harmonised way to transfer records from one TR to another TR and support the continuity of reporting and reconciliation in all cases including the withdrawal of registration of a TR.

In addition, to ensure consistent implementation across TRs, ESMA better specifies the expected compliance with the requirement established in Article 79(3) of EMIR for the transfer of reporting flow in the case of withdrawal of registration of a TR.

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