ESMA has issued its final report on interoperability arrangements between EU-based clearing houses (CCPs) required under EMIR and related Guidelines and Recommendations. In its report, ESMA recommends  extension of the EMIR provisions related to interoperability arrangements to Exchange-Traded Derivatives (ETDs). A further extension to OTC derivatives will be assessed at a later stage. ESMA will submit the final report to the European Commission, Parliament and Council so that its recommendation can be endorsed and implemented.