ESMA publishes Guidelines on templates for summary resolution plans and for written arrangements for resolution colleges
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published two Final Reports including guidelines on the central counterparties (CCPs) Resolution Regime under the CCP Recovery and Resolution Regulation (CCPRRR). This publication follows that of the Commission Delegated Regulations 2023/1193 on the content of resolution plans[1] and 2023/1192 on resolution colleges[2].
The Guidelines on the template written arrangements for resolution colleges will assist National Competent Authorities (NCAs) in the creation of the resolution colleges, and also ensure a smooth process to both establish and review the resolution college agreement.
The Guidelines on the template summary resolution plans provide resolution authorities with guidance as to the type of information that should be included in the summary (and a template of the summary) that would be shared with the CCP.
Next steps
The Final Reports take into account responses received to the two Public Consultations published in May 2022. ESMA also sought the advice of the Securities and Markets Stakeholder Group.
The Guidelines will apply following their publication by ESMA on its website in the relevant official languages of the European Union.
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