On 9 October 2025, the European Securities and Markets Authority (ESMA) published Final Reports on:

• Draft Regulatory Technical Standards (RTS) on the conditions for extensions of authorisation and the list of documents for applications for initial authorisations and extensions of authorisation under the European Market Infrastructure Regulation (EMIR) (Articles 14(6), 15(3), 17a(5) and 15a(2) of EMIR). The RTS specify the conditions for extensions of authorisation and the list of required documents and information for applications by CCPs for initial authorisations and extensions thereof.

• Draft RTS (under Article 49(5) of EMIR) on the conditions and the list of documents for an application for validation of changes to models and parameters under Articles 49 and 49a of EMIR. The RTS specify the conditions for validations of changes to CCPs’ models and parameters and the list of required documents and information for applications for validations of such changes.

ESMA conducted public consultations on the draft RTS from 7 February 2025 until 7 April 2025. The final draft RTS presented in the Final Reports take into account the feedback received through the public consultations.

Next steps

The two sets of RTS will now be submitted to the European Commission for endorsement, following which they will be subject to scrutiny by the European Parliament and the Council.