ESMA shall establish a college for third‑country central counterparties (CCPs) to facilitate the sharing of information. The college shall be chaired by the Chair of the CCP Supervisory Committee and include the two independent members of that Committee; the competent authorities referred to in Article 22 (with Member States where more than one authority is designated required to agree a common representative); the competent authorities responsible for the supervision of clearing members established in the Union; the competent authorities responsible for supervision of trading venues served or to be served by the CCPs; the competent authorities supervising central securities depositories to which the CCPs are linked or intend to be linked; and members of the ESCB.

College members may request that the CCP Supervisory Committee discuss specific matters relating to a CCP established in a third country; such requests must be made in writing and include detailed reasoning, and the Committee shall duly consider them and provide an appropriate response. The establishment and functioning of the college shall be based on a written agreement between all its members, and the obligation of professional secrecy in accordance with Article 83 shall apply to all college members.