On 18 August 2026, the European Securities and Markets Authority (ESMA) issued a consultation on a proposed annual reporting framework under the revised European Markets Infrastructure Regulation (EMIR) for clearing activity at recognised third-country central counterparties (TC-CCPs).
Background
Regulation (EU) 2024/2987 introduced Article 7d into EMIR, which mandates ESMA
On 17 August 2026, there was published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2026/1000 of 5 May 2026 supplementing the European Market Infrastructure Regulation by specifying the method for the determination of fees charged by the European Banking Authority for the validation of the pro forma models
On 14 August 2026, the European Securities and Markets Authority announced that the new weekly commodity derivatives position reporting framework will go live on 3 September 2026.
From this date, market participants will be required to submit weekly position reports in accordance with the updated requirements, technical specifications and validation rules introduced by XML schema
The CFTC has eliminated Part 20 large trader reporting requirements for physical commodity swaps, ending daily and event-based reporting obligations for clearing organizations, clearing members, and swap dealers. The change reflects the maturity of the CFTC’s swap data reporting framework, while recordkeeping and special-call requirements remain in place.
Read our full update here.
On 27 July 2026, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) issued a news update on the publication of detailed rules on the transition to a T+1 settlement cycle (T+1) by the European Commission (EC). Under the T+1 system, the settlement of transactions in
On 3 August 2026, the European Supervisory Authorities (ESAs) issued a Final Report on draft Regulatory Technical Standards (RTS) amending Commission Delegated Regulation (EU) 2016/2251 with regard to initial margin requirements applicable to contracts of counterparties that fall below the threshold.
Background
Commission Delegated Regulation (EU) 2016/2251 adopts the RTS on
On 15 June 2026, there was published in the Official Journal of the EU (OJ), Commission Implementing Regulation (EU) 2026/1288 of 12 June 2026 on the stand-alone suspension of the trading obligation for derivatives in accordance with the Markets in Financial Instruments Regulation (MiFIR).
The Implementing Regulation is made under Article
In this latest edition of Regulation Around the World, we focus on the global transformation of the settlement of securities transactions, as many jurisdictions begin to shift from a standard settlement timeline of two business days after trade to just one. In this issue, we examine these developments, exploring the regulatory frameworks, cross-border challenges and technological
On 21 May 2026, the International Organization to Securities Commissions (IOSCO) published a Consultation Report, Regulatory Considerations and Good Practices on the Evolution of Market Liquidity During the Trading Day.
The Consultation Report analyses how liquidity is distributed throughout the trading day – including the increasing concentration of trading at the close