EMIR clearing obligation delay

The European Securities and Markets Authority (ESMA) has today published a letter it has sent to the European Commission concerning the delivery of its upcoming regulatory technical standards defining the clearing obligation under the European Markets Infrastructure Regulation (EMIR).

As the EC is assessing certain aspects of the first RTS on OTC interest rate derivatives that could affect the similar content of the second subsequent on OTC interest rate derivatives , ESMA will hold the delivery of the forthcoming draft RTS on the clearing obligation until the assessment process is finalized.