ESMA has published an updated version on the EMIR Implementation Timeline. ESMA states that the first registration decisions concerning trade repositories are now not expected until 7 November 2013 at the earliest and consequently reporting by counterparties to trade repositories is not expected to start before 12 February 2014. Previously, registration decisions had been expected from 24 September 2013, with reporting to trade repositories starting on 1 January 2014.