ESMA has published its risk assessment on the temporary exclusion of exchange-traded derivatives from Articles 35 and 36 of MiFIR. In the risk assessment, ESMA provides an overview of the market for ETDs and of existing access arrangements in the EEA and assesses potential benefits and risks stemming from open access provisions for ETDs. It concludes that the possible risks stemming from access related to ETDs are already appropriately covered in Article 35 and 36 and the draft RTS on access to CCPs and trading venues. Consequently, ESMA does not recommend that ETDs should be temporarily exempted from the scope of Articles 35 and 36.