The European Securities and Markets Authority (ESMA) has today finalised and issued a draft regulatory technical standard (RTS) for the central clearing of Credit Default Swaps (CDS), ESMA is required to develop RTS which implement the European Market Infrastructure Regulation (EMIR). The draft RTS defines the types of CDS contracts which will have to be centrally cleared, the types of counterparties covered by the obligation and the dates by which central clearing of CDS will become mandatory.
More information via press release: https://www.esma.europa.eu/news/Press-release-ESMA-adds-Index-CDS-central-clearing-obligation?t=326&o=home
