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Preliminary report

15 November 2021 | ESMA70-445-7 Preliminary report Emission Allowances and derivatives thereof ESMA 201-203 rue de Bercy CS 80910 75589 Paris Cedex 12 France Tel. +33 (0) 1 58 36 43 21 2 15 November 2021 ESMA 70-445-7 3 Table of Contents 1 Executive Summary .. 4 2 Introduction .. 6 3 Carbon markets and the regulatory environment in securities supervision .. 8 Carbon markets under MiFID II/MiFIR .. 8 Financial Instruments .. 8 Transaction reports .. 9 Weekly and daily position reports .. 13 Transparency data .. 14 Orderly trading .. 14 Carbon markets under MAR .. 15 Carbon markets under EMIR .. 18 Details of derivatives reported to the TRs .. 19 Reports made available by the TRs to the authorities .. 20 Public data .. 21 Revised technical standards under EMIR REFIT.

thereof. Content Following an introduction (Section 2) where ESMA describes the mandate received as well as the functioning of the primary and secondary markets on emission allowances, the report is structured as follows: Section 3 presents the regulatory environment for the EU carbon market under financial

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