This paper contains Guidelines and Recommendations as envisaged in the Opinion issued by ESMA on 14 March 2013 (ESMA/2013/312) on draft regulatory technical standards (RTS) on colleges for central counterparties (CCPs) and as envisaged in Recital 5 of those draft RTS.
Guidelines and Recommendations set out ESMA’s view of how Union law should be applied in a particular area, or of appropriate supervisory practices within the European System of Financial Supervision. ESMA expects all relevant National Competent Authorities (NCAs) to comply with these Guidelines and Recommendations (2013/661).