On 1 April 2014, ESMA published a summary of its 2014 supervisory work plan detailing the supervisory and monitoring tasks that it intends to undertake relating to trade repositories. The summary indicates that the European authority is adopting a risk-based approach to the supervision of trade repositories and is willing to use its investigatory powers to ensure that trade repositories comply with their obligations under EMIR to ensure that regulators have access to the relevant data.
ESMA's announcement is available at: http://www.esma.europa.eu/content/Trade-Repository-Supervision-Work-Plan-2014.
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