ESMA releases reporting templates and instructions for the AAR under EMIR 3

The European Securities and Markets Authority (ESMA) has published the reporting templates and instructions for the active account requirement (AAR) under the revised European Market Infrastructure Regulation (EMIR 3). The new templates set out in detail how entities subject to the AAR should report the required information to their competent authorities. They cover counterparty information, activities and risk exposures, the representative obligation and declaration on operational conditions. The instructions are designed to ensure a consistent, structured and standardised collection of supervisory data. The first AAR reporting submission is expected on 31 July, covering the period from 25 June 2025 (when the AAR became applicable) to 30 June 2026. After the first reporting submission, reporting will take place every six months, with submissions due on 31 January and 31 July each year, each covering a twelve month reference period.

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