On 23 September 2020, the European Commission published a report pursuant to Article 85 of the European Market Infrastructure Regulation (EMIR) that provides an analysis of the main issues identified by stakeholders around pension scheme arrangements’ (PSA) central clearing, as well as of the solutions explored so far. The PSA exemption from central clearing is in force until June 2021. In view of this deadline, the report seeks to update the European Parliament and the Council as to the progress made in this field and also identifies those aspects that need to be explored further in order to favour a feasible and sustainable central clearing solution.