On 12 March 2013, ESMA published “Practical guidance for the recognition of Third Country CCPs by ESMA”. It is a useful guide for any Third Country CCP seeking recognition under Article 25 of EMIR to provide clearing services in the EU, providing such information as:
- contact details via which ESMA is to be notified of an intention to submit an application;
- the fact that applications should be provided in triplicate (one original, one paper copy and one electronic copy);
- confirmation that ESMA’s working language is English; and
- the fact that applicants may need to be able to respond to requests for additional information from ESMA in as little as 3 working days.