AI Summary of Article 88 Websites
ESMA is mandated to maintain a comprehensive website detailing key regulatory information, including contracts subject to clearing obligations, imposed penalties for breaches of pertinent articles, and a list of authorised CCPs operating both within the Union and from third countries.
Additionally, trade repositories operating within the Union must be catalogued, and details on fines and periodic penalty payments shall also be published. Competent authorities are required to maintain linked websites that provide this information, ensuring all online resources are publicly accessible, regularly updated, and presented in a clear format.
Article 88 Websites
1. ESMA shall maintain a website which provides details of the following:
(a) contracts eligible for the clearing obligation under Article 5;
(b) penalties imposed for breaches of Articles 4, 5 and 7 to 11;
(c) CCPs authorised to offer services or activities in the Union that are established in the Union, and the services or activities which they are authorised to provide or perform, including the classes of financial instruments covered by their authorisation;
(d) penalties imposed for breaches of Titles IV and V;
(e) CCPs authorised to offer services or activities in the Union established in a third country, and the services or activities which they are authorised to provide or perform, including the classes of financial instruments covered by their authorisation;
(f) trade repositories authorised to offer services or activities in the Union;
(g) fines and periodic penalty payments imposed in accordance with Articles 65 and 66;