With the introduction of the Active Account Requirement (AAR) under EMIR 3.0, in-scope market participants must comply with ESMA’s Operational and Representativeness criteria, including recurring reporting to National Competent Authorities.
Having guided firms through numerous regulatory changes and rewrites, OSTTRA provides the proven infrastructure needed to navigate these obligations smoothly.
Because OSTTRA Connect for Rates (formerly MarkitWire) already confirms and clears all eligible EUR and PLN swaps, we can support your compliance across both requirements with minimal operational lift.
How we help:
Operational Requirement: Eligibility & Stress Testing
- Determine your eligibility for operational conditions by leveraging our direct connectivity to both EU and non-EU CCPs via OSTTRA Connect.
- Simplify mandatory annual stress tests with our structured UAT framework, validating your end-to-end capacity to manage increased clearing volume.
Representativeness Requirement: Monitoring & Reporting
- We provide reports highlighting cleared trade volumes across ESMA’s recommended classes and sub-categories, structured by reference periods at CCPs of systemic importance.
- Early visibility from these reports – delivered at your required frequency – enables your firm to clear sufficient volume at EU CCPs and maintain continuous compliance throughout the year.
- Built directly on ESMA’s reporting template, our framework streamlines your submission processes to meet upcoming deadlines with minimal operational burden.
Next steps
To discuss how we can support your firm, reach out to your Client Relationship Manager or contact our team.