The expected start date for trade reporting of exchange-traded derivatives (ETDs) under EMIR may be delayed by the European Securities Markets Authority (ESMA) to 1 January 2015. Rumour has it that the purpose of the delay is to allow for more time to address the uncertainty which remains for reporting ETDs.
To allow for this delay, ESMA’s Board of Supervisors (BoS) is expected to approve a modification to the Implementing Technical Standard (ITS) under EMIR in the next few weeks. Once the modified ITS has been approved by the Commission, ESMA plans to make a public announcement about the planned reporting delay. It is also expected that ESMA will clarify the nature and timing of their planned consultation to develop guidelines for reporting ETDs to TRs at that time.Contact Us