ESMA Urges Final Preparations for T+1 Settlement Transition by 2027
ESMA has issued a statement urging market participants to finalise preparations for the transition to a T+1 settlement cycle, scheduled for 11 October 2027. The statement highlights a key regulatory deadline on 7 December 2026 for allocations and confirmations, and stresses the need for comprehensive ecosystem testing across the trading and settlement chain.
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ESMA Consults on Reporting Framework for Third-Country CCP Clearing Activity
ESMA has launched a consultation on new annual reporting requirements for clearing activity at recognised third-country central counterparties (CCPs) under EMIR. The proposed technical standards aim to improve supervisory visibility of EU firms' exposures while minimising burden by reusing existing data. Stakeholders are invited to respond by 12 October 2026.
18 Aug 2026
ESMA Confirms 3 September 2026 Go-Live for Weekly Commodity Derivatives Position Reporting
ESMA has confirmed that the new weekly commodity derivatives position reporting framework will go live on 3 September 2026. Market participants will need to submit weekly position reports in line with XML schema v2.0 and the updated reporting instructions. The technical documentation is now available to support implementation.
14 Aug 2026
ESAs Propose to Simplify EMIR Bilateral Margin Rules for Sub-€8bn Counterparties
The European Supervisory Authorities (EBA, EIOPA and ESMA) have published a final report proposing amendments to the bilateral margin requirements under EMIR. The draft RTS would exempt counterparties below the €8 billion initial margin threshold from exchanging initial margin on both new and existing uncleared OTC derivative contracts. The proposal aims to reduce burden and align the EU framework more closely with other jurisdictions.
03 Aug 2026