ESMA issues statement to address upcoming EMIR Refit implementation issues

On 31 January 2019 the European Securities and Markets Authority (ESMA) published a statement addressing EMIR Refit implementation. The statement addresses issues around the clearing and trading obligations for small financial counterparties and the backloading requirement for reporting entities, ahead of upcoming deadlines, which would represent challenges for the above mention entities in the context of the ongoing EMIR Refit negotiations.