On January 8, 2015, ESMA issued a report on its involvement with the supervisory colleges established under the European Market Infrastructure Regulation ("EMIR") for the authorization and supervision of EU-based central counterparties. Supervisory colleges are the channels through which information between home and host authorities is exchanged and through which supervisory activity is coordinated. ESMA is required under EMIR to maintain a coordinating role between national regulators and colleges so as to encourage consistent supervisory practices.
The report is available at:
http://www.esma.europa.eu/news/ESMA-publishes-review-CCP-colleges?t=326&o=home
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