Focus Day: The EMIR 3.0 active account requirement
Virtual Focus Day – Part of the Derivatives Forum Frankfurt 2025
14 January 2025, 15:00 - 16:30 CET / 09:00 - 10:30 EST
This Focus Day aims to provide insights into the draft regulatory technical standards (RTS) on the active accounts mandate under EMIR 3.0, recently published by the EU market authority ESMA. Additionally, we will examine the essential steps for account activation at Eurex Clearing.
After the official publication of the final legislative text on 4 December 2024 and entry into force 20 days later on 24 December 2024, the active account requirement will automatically come into effect 6 months later, i.e., on 24 June 2025. EU market participants who are subject to the EMIR clearing obligation and exceed the clearing thresholds for OTC interest rate derivatives (IRD) in euro and zloty, as well as short-term interest rate (STIR) derivatives in euro, must have an “active” account with a CCP based in the EU.
The first part of our Focus Day will examine ESMA’s proposed specifications for the quantitative and qualitative requirements under the “active account” regime and the timeline for implementation.
The second part updates participants on the continued growth in Eurex’s OTC IRD and STIR liquidity pools and discusses key onboarding considerations.
Our experts will share their views in insightful sessions. We will also explain how to turn regulatory requirements into opportunities to optimize margin and capital efficiencies across Euro Yield Curve products.
The Euro Yield Curve and EMIR 3.0 will also be a key focus topic at the Derivatives Forum Frankfurt on 26 & 27 February 2025.
Registration
Agenda
15:00 – 15:05 Opening & Welcome
Christophe Rilinger, Head of Derivatives Marketing, Eurex
15:05 - 15:15 Fireside Chat: The EMIR 3.0 active account mandate is set to change the European clearing landscape
Matthias Graulich, Executive Board Member, Eurex Clearing
Moderated by Christophe Rilinger, Head of Derivatives Marketing, Eurex
This segment explores how EMIR 3.0 will likely change the clearing landscape for euro-denominated derivatives. We will also explain how to turn regulatory requirements into opportunities to optimize margin and capital efficiencies across Euro Yield Curve products.
15:15 - 16:00 Briefing Session: The active account requirement – ESMA draft RTS
Viktoria Hackenberg, Vice President, Regulatory Affairs, Deutsche Börse
This session provides an overview of ESMA’s proposed specifications of the quantitative and qualitative requirements under the “active account” regime and the timeline for implementation.
16:00 – 16:25 Fireside Chat: Eurex OTC IRD and STIR liquidity pools – why, and how, to join
Isabelle Blanche, Head of FIC Sales Northern Europe, Eurex
Francesca Dell’Era, Head of FIC Sales Central & Southern Europe, Eurex
Moderated by Christophe Rilinger, Head of Derivatives Marketing, Eurex
This session updates attendees on the continued growth in Eurex’s OTC IRD and STIR liquidity pools. We will showcase how our integrated service offer and repo funding capabilities help firms achieve margin efficiencies across the Euro Yield Curve. Additionally, we will examine the key onboarding considerations in light of the EMIR 3.0 active account requirement.
16:25 – 16:30 Closing
Christophe Rilinger, Head of Derivatives Marketing, Eurex
Speakers
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