ESMA has confirmed the start date for clearing of EUR, GBP, JPY and USD denominated basis and fixed-to-floating interest rate swaps; as well as EUR, GBP and USD denominated forward rate agreements and overnight index swaps - 21 June 2016 for “Category 1” entities, 21 December 2016 for “Category 2” entities and 21 June 2017 for: “Category 3” entities.

For more detailed information, see the Dechert OnPoint 'Confirmed Start Dates for Clearing Under EMIR'

ESMA confirmed that it had entered into co-operation agreements with Canadian and Swiss regulators on CCP recognition on 7 January 2016.