ESMA_QA_1973

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1973

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Regulatory Context

Regulation : EMIR

Level 1 Regulation: Regulation 648/2012 - OTC derivatives, central counterparties and trade repositories (EMIR) - CCPs

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: EU-CCPs

Subject Matter: Sanctions regime of International Investment Bank

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Question

Submission Date: 03 October 2023

Is there a legal basis for the measures taken by capital market participants (including Clearstream and Euroclear) to restrict any trading of International Investment Bank - IIB issued bonds?

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ESMA Answer

Answer Date: 17-10-2023

Dear Ms Runcan, Thank you for your question below. Unfortunately we are not in the position to provide support on the matter you described as we are neither the competent authority in charge of Euroclear’s and Clearstream’s supervision nor are we in charge of the implementation of the sanctions regime. The questions on matters you raised should primarily be addressed to the relevant national competent authority. In addition you may want to contact the European Commission for further advice but also to make them aware of the situation.

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This document was automatically extracted from the ESMA EMIR Q&A database.