Q&A · ESMA
CCP - novation trade acceptance model
Answered
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A CCP using an open-offer trade acceptance model must grant access to a trading venue using novation unless it can show precisely how using both models would create significant undue risks that cannot be managed.
Details
| Reference | ESMA_QA_1662 |
|---|---|
| Issuer | ESMA |
| Published | 7 Jul 2017 |
| Answered | 7 Jul 2017 |
| Submitted | 7 Jul 2017 |
| ESMA topics | Access to CCPs and trading venues |
| Earlier Q&A document | ESMA 70-872942901-38 MiFID II MiFIR market structures Q&A, Q&A 6.2 |
Provisions it relates to
- Article 35 MiFIR · Non-discriminatory access to a CCPInferred · 90%
- MiFID II (whole act)Explicit reference