Forex Brokers May Cut Costs as ESMA Seeks Input on Overlapping EU Financial Reporting

ESMA consults on margin transparency and cost of clearing

On 24 June 2025, the European Securities and Markets Authority (ESMA) issued the following Consultation Papers following the review of the European Market Infrastructure Regulation (EMIR 3): Consultation Paper on EMIR 3 draft regulatory technical standards (RTS) on margin transparency requirements. EMIR 3 strengthens the requirements on the margin model information and the margin simulation tool provided by central counterparties (CCPs). It als…

ESMA consults on how to simplify transaction reporting - Global Trading

Europe’s securities regulator is planning a bonfire of red tape after being deluged with complaints from market participants. Stung by suggestions that reporting burdens hold back the continent’s capital markets, the European Securities & Markets Authority is launching a consultation aimed at simplifying transaction reporting frameworks. European market stakeholders have until mid-September to weigh in on proposals intended to slash compliance c…

ESMA calls for evidence on streamlining financial transaction reporting - Asset Servicing Times

ESMA hopes to enhance efficiency and reduce costs as well as maintain strong levels of transparency and oversight from the authorities

Forex Brokers May Cut Costs as ESMA Seeks Input on Overlapping EU Financial Reporting

The European Securities and Markets Authority (ESMA) has issued a call for evidence to simplify financial transaction reporting. The consultation is part of an EU effort to reduce regulatory burdens. It focuses on overlaps across reporting regimes such as MiFIR, EMIR, and SFTR.Forex Brokers Face Costly Reporting OverlapsForex brokers dealing in derivatives like FX swaps, forwards, and contracts for difference (CFDs) are among the entities affect…