ESMA issues final report on RTS and ITS
ESMA issues Final Report on the Review of the Regulatory and Implementing Technical Standards on reporting under Article 9 of EMIR.
On 10 November 2014 ESMA issued a Consultation Paper on the revision of the RTS and ITS, to which 74 responses have been received. ESMA has analysed all the received feedback and, where appropriate, amended the original proposals in order to better reflect existing market practices. Based on the feedback, conducting the the cost-benefit analysis was considered to be disproportionate in relation to the scope and impact of the proposed amendments. This Final Report summarizes the proposals set out in the Consultation Paper, the responses received and the final approach adopted following to the consultation.