+Article 38 10.

Article 38 10.

ESMA, in consultation with EBA and the ESCB, shall develop draft regulatory technical standards to further specify:

(a) 

the requirements that the simulation tool is to comply with and the type of output to be provided pursuant to paragraph 6;

(b) 

the information to be provided by CCPs to clearing members regarding transparency of margin models pursuant to paragraph 7;

(c) 

the information to be provided by clearing members and clients providing clearing services to their clients under paragraphs 7 and 8; and

(d) 

the requirements of the simulation of margins to be provided to clients and the type of output to be provided pursuant to paragraph 8.

ESMA shall submit the draft regulatory technical standards referred to in the first subparagraph to the Commission by 25 December 2025.

Power is delegated to the Commission to supplement this Regulation by adopting the regulatory technical standards referred to in the first subparagraph of this paragraph in accordance with Articles 10 to 14 of Regulation (EU) No 1095/2010.

1. Ħarsa ġenerali

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1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti

3. Standards relatati

Standards