On 17 April 2018, the European Commission published a draft of a further Implementing Regulation extending the transitional periods related to own funds requirements for exposures to central counterparties set out in the Capital Requirements Regulation (CRR) and the European Markets Infrastructure Regulation (EMIR).

The draft Implementing Regulation provides that the 15 month period referred to in Article 497(2) of the CRR and in the second subparagraph of Article 89(5a) of EMIR, as most recently extended in Implementing Regulation (EU) 2017/2241, are extended by an additional six months until 15 December 2018.

The deadline for comments on the draft Implementing Regulation is 15 May 2018.