Commission extends deadline for ESMA standards on cross-border application of EMIR
On 26 September 2013, the European and Markets Authority (ESMA) issued a press release announcing that the European Commission has revised the delivery date for its draft regulatory technical standards (RTS) on the cross-border application of EMIR (Art. 4(4) and 11(14)). The time limit has been extended from 25 September 2013 to 15 November 2013.
In a letter to ESMA dated 16 September 2013, the Commission explains that the extension was granted to provide ESMA with more time to fully analyse and take into account the results of a public consultation which closed on 16 September 2013.