On 29 October 2025, the European Commission (Commission) adopted a Commission Delegated Regulation supplementing the European Market Infrastructure Regulation with regard to regulatory technical standards (RTS) specifying the operational conditions, the representativeness obligation and the reporting requirements related to the active account requirement.

The Commission’s adoption of the Delegated Regulation follows the European Securities and Markets Authority’s final report on the draft RTS which was published in the summer.

The Delegated Regulation enters into force on the twentieth day following its publication in the Official Journal of the European Union.

It shall be binding in its entirety and directly applicable in all Member States.