ESMA has written to the Commission proposing an amendment to the Commission Implementing Technical Standard on reporting on the format and frequency of reporting to trade repositories under the European Market Infrastructure Regulation (EMIR). ESMA wants to delay the reporting of exchange traded derivatives by one year to January 2015 so ESMA can develop necessary guidelines and for the guidelines to be implemented. The Commission has three months to make a decision.

(Source: ESMA Proposes Delay to EMIR Reporting)