ESMA publishes additional clarifications on active account reporting under Article 7b of EMIR
Further to the Notice to supervised entities on Active Account Requirements pursuant to Articles 7a and 7b of Regulation (EU) No 648/2012 on OTC derivatives, central counterparties and trade repositories (EMIR), published on Hanfa’s website on 19 June 2026, we would like to inform market participants that ESMA has published updated Active Account Requirement (AAR) reporting instructions on its website https://www.esma.europa.eu/data-reporting/emir-reporting (“Article 7b reporting” in the Reporting section, document entitled “AAR reporting instructions”).
The updates concern the README, INSTRUCTIONS and Guidance_Most_Relevant_Subcats worksheets contained in the AAR reporting instructions and are intended to provide additional clarifications regarding the reporting process and the completion of specific data fields. A summary of all amendments is included in the Update worksheet, together with a comparison against the previously published version.
The AAR reporting templates remain unchanged.
We would also like to remind market participants that, in addition to the reporting obligation under Article 7b of EMIR, a counterparty that becomes subject to the Active Account Requirement must notify its competent national authority and ESMA in accordance with Article 7a of EMIR.
Pursuant to the Act on the Implementation of Regulation (EU) No 648/2012 on OTC Derivatives, Central Counterparties and Trade Repositories (Official Gazette No 59/2026), which entered into force on 17 June 2026, Hanfa is the competent national authority in the Republic of Croatia responsible for supervising compliance with the Active Account Requirement.
Information on the notification procedure, the relevant notification form, and instructions for submitting reports to Hanfa are available on Hanfa's website (EMIR section, under Active Account Requirements).
We also remind entities subject to the Active Account Requirement that the deadline for submitting the first report is 31 July 2026 at the latest.
