The European Commission has proposed an amendment to Regulation No 648/ 2012 (EMIR) that would impact the clearing obligation, reporting requirements, and risk mitigation techniques for over-the-counter (OTC) derivatives not cleared by a central counterparty. The proposal also includes amendments to the registration and supervision of trade repositories. The Commission believes that the amendments will provide regulators with more information about the OTC derivatives market and will help mitigate credit risk between OTC derivative counterparties.