The European Supervisory Authorities (ESAs) (i.e. the EBA, ESMA and EIOPA) have confirmed that draft RTS required under MLD4 will be delayed. Article 45(6) of MLD4 mandates the ESAs to draft RTS on the measures that credit and financial institutions are required to take to manage the risk of money laundering and terrorist financing where they have branches or majority-owned subsidiaries in third countries that prohibit the implementation of AML and CTF measures consistent with those required under the Directive. The ESAs explain that the RTS have been deprioritised because it appears that there are no third countries that meet the description in Article 45(1) of MLD4 and the RTS would therefore have had limited application in practice. Proposed amendments to Article 45 of MLD4 will extend the scope to third countries that have not been captured to date and the ESAs intend to work on the mandate in 2017 as a result.