ESMA Chair, Steven Maijoor, has written to the Commission informing it of a delay in submitting the RTS on indirect clearing and exchange-traded derivatives under the Markets in Financial Instruments Regulation (MiFIR). ESMA has developed a new set of requirements for over-the-counter (OTC) derivatives and exchange-traded derivatives under EMIR following feedback on the recent MiFIR consultation on indirect clearing for exchange-traded derivatives. Subsequently ESMA does not envisage submitting the MiFIR RTS for the Commission’s consideration until it has consulted on these proposed amendments to the EMIR RTS. It then plans to submit the two sets simultaneously to ensure consistency, as Markets in Financial Instruments Directive (MiFID) requires. (Source: ESMA Informs Commission of Delay to MiFIR RTS)