The Bank of Italy and Consob, as the competent supervisory authorities for Italian central counterparties (CCPs), comply with the 'Guidelines on common procedures and methodologies on supervisory review and evaluation process of CCPs under Article 21 of EMIR' issued by the European Securities and Markets Authority (ESMA) by incorporating them into their supervisory practices.
The Guidelines, published on ESMA's website in all the official European Union languages on 10 March, aim to establish supervisory practices designed to foster the common, uniform and consistent application of Article 21 of EMIR (Regulation (EU) No 648/2012).
The Bank of Italy and Consob have notified their compliance with the Guidelines to ESMA, pursuant to Regulation (EU) No 1095/2010.
