EMIR: ESMA consults on guidelines on transfer of data between trade repositories

The need to transfer data to another TR may arise for different reasons. The draft guidelines address separately the situations where the transfer is due to a withdrawal of registration of the TR from the cases in which the transfer is done on a voluntary basis and under normal market conditions.

ESMA's draft guidelines establish high-level principles that would need to be followed by the TR participants, reporting entities, counterparties, and CCPs on the one hand, and the TRs on the other.

ESMA plans to consider the feedback it receives to this consultation in Q1 2017 and expects to publish a final report of the guidelines by end Q2 2017/beginning Q3 2017.

Comments to the consultation close 31 March 2017.