ESMA publishes Statement on use of collateral by NFCs acting as clearing members

ESMA has announced it will deprioritize supervisory actions regarding the eligibility of certain uncollateralized guarantees for Non-Financial Counterparties (NFCs) acting as clearing members. This temporary measure will remain in effect until the implementation of EMIR 3. The decision was made to mitigate potential disruptions during the transition period. ESMA has published a public statement providing further details. For inquiries, contact Sarah Edwards, Senior Communications Officer at ESMA.