The European Securities and Markets Authority (ESMA) is calling on the post-trade industry to contribute to a new working group to help advise on regulatory policies.
Stakeholders are being asked to register interest by 31 July, and members will be selected for a renewable term of two years.
The Consultative Working Group (CWG) of the ESMA Post-Trading Standing Committee (PTSC) has been formed to provide ‘informal advice’ during the course of developing a policy line in relation to specific technical matters.
Members are requested to provide expertise and not advocacy for specific national or institutional positions.
ESMA has been working on multiple post-trade regulations since the financial crisis, many of which have posed challenges to the industry. Clearing, collateral and reporting requirements have been the biggest headaches for the industry.
The regulator continues to work on rules around MiFID II, along with central counterparty guidelines and other clearing and collateral obligations.