The European Securities and Markets Authority officially published its guidelines and recommendations regarding the implementation by EU regulators of the Principles for Financial Market Infrastructure adopted in April 2012 by the Committee on Payment and Settlement Systems and the Board of the International Organization of Securities Commissions as they relate to central clearinghouses (CCPs). In fact, there is only one guideline: that regulators ensure that CCPs established within their jurisdiction comply with the PFMIs and act consistently with them.