{"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"current_only","held_since":"2026-06-15","gaps":[],"covered":["ESMA Q&A 2867 — Q&A — Impact of the new clearing [Forwarded to EC/Public Consultation/Other] L3"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-26","checked_against":"the ESMA publication"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/emir/level-3/q-and-a/esma/esma-qa-2867-impact-of-the-new-clearing-obligation-thresholds-on-the-aar","url":"https://www.headlesslaw.com/emir/level-3/q-and-a/esma/esma-qa-2867-impact-of-the-new-clearing-obligation-thresholds-on-the-aar","title":"ESMA Q&A 2867 — Q&A — Impact of the new clearing [Forwarded to EC/Public Consultation/Other]","family":"l3","work_id":"spaces/emir/level-3/q-and-a/esma/esma-qa-2867-impact-of-the-new-clearing-obligation-thresholds-on-the-aar","status":"forwarded to ec/public consultation/other","force_status":null,"date_state":"current","requested_date":null,"as_of":"2026-11-01","applies_from":null,"application":null,"version_label":"ESMA Q&A register, 15 June 2026","check":{"against":"the ESMA publication","on":"2026-10-26"},"check_result":"matched","official_url":"https://www.esma.europa.eu/publications-data/questions-answers/2867","valid_from":"0001-01-01","valid_until":null,"revision":1,"content_id":"af9d79d47b710785","change_date":null,"nearest_versions":["2026-06-15"],"first_text_date":null,"correction_applies":false,"versions":["2026-06-15"],"version_url":"https://www.headlesslaw.com/emir/level-3/q-and-a/esma/esma-qa-2867-impact-of-the-new-clearing-obligation-thresholds-on-the-aar/versions/2026-06-15","revision_url":"https://www.headlesslaw.com/emir/level-3/q-and-a/esma/esma-qa-2867-impact-of-the-new-clearing-obligation-thresholds-on-the-aar/versions/2026-06-15/rev/af9d79d47b710785","versions_url":"https://www.headlesslaw.com/emir/level-3/q-and-a/esma/esma-qa-2867-impact-of-the-new-clearing-obligation-thresholds-on-the-aar/versions","relations_url":"https://www.headlesslaw.com/emir/level-3/q-and-a/esma/esma-qa-2867-impact-of-the-new-clearing-obligation-thresholds-on-the-aar/relations","source_line":"Question published in the ESMA Q&A tool · no answer · not legislation [Forwarded to EC/Public Consultation/Other]","attribution":{"prepared_by":"not stated in the document","published_by":"ESMA","published_in":"ESMA Q&A tool","document_type":"qa_question","legal_nature":"not_legislation","addressees":"not stated in the document","dates":{"question_submitted_on":"2026-06-15","locators":{"question_submitted_on":"ESMA Q&A Excel export ESMA_QA_2867, column 'Date of submission'"}},"adoption":null}},"provenance":{"official_url":"https://www.esma.europa.eu/publications-data/questions-answers/2867","check":{"result":"matched","checked_at":"2026-10-26","against":"the ESMA publication"},"repo_path":"spaces/emir/level-3/q-and-a/esma/esma-qa-2867-impact-of-the-new-clearing-obligation-thresholds-on-the-aar.md","body_sha256":"f927eb1f33eb7b4f156dc16dee59656ca217851e5a0dc691b9fef7b702a442d7"},"units":[],"markdown":"---\ntitle: \"ESMA Q&A 2867 — Q&A — Impact of the new clearing [Forwarded to EC/Public Consultation/Other]\"\nshortTitle: \"ESMA Q&A 2867 — Q&A — Impact of the new clearing [Forwarded to EC/Public Consultation/Other]\"\nanswer_id: ESMA_QA_2867\ntopic: \"EU-CCPs\"\nstatus: \"Forwarded to EC/Public Consultation/Other\"\ntype: qa\ninstrument_type: qa\nauthority: ESMA\nbinding: false\nbinding_character: non_binding\nlegal_status: consultation\nregulation: \"EMIR\"\nemir_level3: true\nmica_level2: false\nlegal_basis: \"EMIR\"\ndate: 15 June 2026\nsource_link: https://www.esma.europa.eu/publications-data/questions-answers/2867\nlifecycle: \"Forwarded to EC/Public Consultation/Other\"\ntext_version: \"ESMA Q&A register, 15 June 2026\"\nsource_url: \"https://www.esma.europa.eu/publications-data/questions-answers/2867\"\ncheck_status: matched\nverified: true\nlast_checked: 2026-10-26\nchecked_against: \"the ESMA publication\"\nsource:\n  prepared_by: \"not stated in the document\"\n  published_by: \"ESMA\"\n  published_in: \"ESMA Q&A tool\"\n  evidence:\n    prepared_by: \"ESMA_QA_2867\"\n    locator: \"ESMA Q&A entry ESMA_QA_2867: no answer; no author named\"\ndocument_type: \"qa_question\"\nlegal_nature: \"not_legislation\"\naddressees: \"not stated in the document\"\ndates:\n  question_submitted_on: \"2026-06-15\"\n  locators:\n    question_submitted_on: \"ESMA Q&A Excel export ESMA_QA_2867, column 'Date of submission'\"\nlifecycle_label: \"Forwarded to EC/Public Consultation/Other\"\n---\n\n**Question published in the ESMA Q&A tool · no answer · not legislation [Forwarded to EC/Public Consultation/Other]**\n\n*Forwarded to EC/Public Consultation/Other · ESMA Q&A register, 15 June 2026 · Checked against the ESMA publication on 26 Oct 2026 · [Official source](https://www.esma.europa.eu/publications-data/questions-answers/2867)*\n\n| | |\n|---|---|\n| **Full title** | ESMA Q&A 2867 — Q&A — Impact of the new clearing \\[Forwarded to EC/Public Consultation/Other\\] |\n| **Prepared by** | Not stated in the document |\n| **Published by** | ESMA, in the ESMA Q&A tool |\n| **Reference** | ESMA_QA_2867 |\n| **Document type** | Q&A |\n| **Legal nature** | No answer · not legislation |\n| **Addressees** | Not stated in the document |\n| **Dates** | Question submitted 15 June 2026 |\n| **Legal basis** | EMIR |\n| **Related instruments** | None recorded |\n| **Text on this page** | Word for word — the full text of the ESMA publication |\n\n**Impact of the new clearing obligation thresholds on the AAR scope**\n\n### Question\n\nUnder the new clearing threshold regime which distinguishes between financial and non-financial counterparties, and uncleared and cleared trades, how should the second AAR condition referred to under Article 7a(1) of EMIR be assessed?\n\n***\n\n**Source:** [ESMA original document](https://www.esma.europa.eu/publications-data/questions-answers/2867)\n"}