The process for reviewing an EMIR re-authorisation application involves:

1. Submitting an application
2. The application documentation being deemed "complete"
3. A review taking place by a national regulator
4. A review taking place by a 'college' of other national regulators
5. Grant or refusal of authorisation

Eurex have achieved step 2, ESMA then show there can be a maximum of six months to achieve step 3 and 4. Full details over at : Eurex Group – Information on Eurex Clearing’s EMIR application status and further timeline.