ISDA supports the European Securities and Markets Authority’s (ESMA) final report on the clearing obligation under the European Market Infrastructure Regulation (EMIR), proposing an extension to December 21, 2020 of the deferred dates of application of the clearing obligation to intragroup transactions. We ask the European Commission to endorse ESMA’s proposed regulatory technical standards without amendments while also calling for actions regarding the need for regulatory forbearance.

Click on the PDF link below to read the letter in full.