ESMA is seeking feedback on its consultation paper concerning the use of guarantees as collateral for Central Counterparties (CCPs) and specific elements of CCP investment policies. The paper outlines potential revisions to the regulatory framework, aiming to enhance the resilience and operational efficiency of CCPs within the EU financial markets. Key areas of focus include the eligibility criteria for collateral and the investment strategies employed by CCPs for their default funds and other resources.

Regulated entities, particularly CCPs and market participants that interact with them, are invited to provide feedback on the proposals. The consultation period is crucial for shaping the final regulatory text. While no specific compliance deadline is provided in this consultation document, entities should prepare to adapt their practices once the final rules are published. Failure to comply with future regulations could result in supervisory actions by national competent authorities and ESMA.