On September 30, 2014, ESMA published its letter, dated September 29, 2014, to the European Commission on the postponement of various reports due by ESMA under EMIR. The letter states that the reports due by ESMA will be prepared at a later date because developments, such as CCP authorization and implementation of the clearing obligation, have taken longer than anticipated. Without the practical implementation of the requirements under EMIR, ESMA does not consider that it is practical to prepare the reports until it is able to reflect on the experience gained.

The letter is available at:

http://www.esma.europa.eu/documents/overview/10?page=1.