On the derivative trading obligation in the context of the migration of credit default swap contracts out of ICE Clear Europe. The European Securities and Markets Authority (ESMA) has been made aware that in
consequence of the CCP ICE Clear Europe’s (ICEU) decision to stop clearing Credit Default
Swap (CDS) contracts as of end-October 2023, market participants are required to move their
positions at ICEU to other CCPs clearing those contracts…
https://www.esma.europa.eu/press-news/esma-news/esma-issues-statement-derivatives-trading-obligation