The Joint Committee of the ESAs has requested a postponement of the 30 September deadline for submitting draft regulatory technical standards (RTS) on risk mitigation techniques for OTC derivatives not cleared by a CCP. Although the ESAs published a first discussion paper on 6 March and ESMA consulted on 25 June on the RTS it is responsible for developing, the ESAs want to ensure consistency of the European rules with international standards. These international standards will follow the consultation by the Basel Committee on Banking Supervision and the International Organisation of Securities Commissions (IOSCO) on margin requirements for non-centrally cleared derivatives. The standards must be finalised by the end of 2012 (see FReD 13 July). (Source: Information on RTS on Margin for Non-CCP-cleared Derivatives)