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July 24, 2013

ETD reporting under EMIR delayed until 2015

Current timelines and remarks by ESMA suggest that the start date of reporting of all asset classes to trade repositories is supposed to be January 1st, 2014. But I have been informed that ESMA now is considering to keep that date for OTC transactions only and move the mandatory reporting start date for ETD transactions to January 1st, 2015.

This is meant to give ESMA more time to address uncertainties around the “how” of reporting ETD transactions to trade repositories. In recent weeks more and more market participants and industry groups have raised questions on how the reporting for ETD trades should look like.

To make this change in timing a reality, the current regulatory technical standard needs to be adapted, approved by ESMA’s board of supervisors and finally endorsed by the European Commission.


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