On 6 March 2025, the European Securities and Markets Authority (ESMA) issued a letter to the European Commission (dated 3 March 2025) which set out delayed and deprioritised deliverables.
Among the delayed and deprioritised deliverables are:
- AIFMD Review – Regulatory technical standards (RTS) on open ended loan originating alternative investment funds – initial deadline 16 April 2025 – delay by 6 months.
- Central Securities Depositaries Regulation – RTS on buy-in – initial deadline 17 January 2025 – delay until T+1 implementation is complete.
- European Market Infrastructure Regulation 3 – RTS on central counterparty interoperability and RTS on post trade risk reduction services – initial deadline 4 December 2025 – delay by 6 months.
- MiFIR/D Review – RTS on order execution policies – initial deadline 29 December 2024 – delay by 6 months.