ESMA has issued its final report reviewing Article 26 of the RTS on requirements for CCPs on the time horizons for the liquidation period under EMIR (see FReD 23 December 2015). The proposed change submitted to the Commission would reduce the margin period of risk (MPOR) for CCPs’ client accounts from two days to one day for gross omnibus accounts and individual segregated accounts for exchange-traded derivatives and securities. This change would bring the MPOR in line with US CCPs. (Source: ESMA reports on MPOR for client accounts)