The proposal came in response to a request from the European Commission to further postpone the Settlement Discipline Regime.
Global Custodian understands advanced discussions are underway among EU regulators to propose a delay, though confirmation of this could still be months away.
The decision from the European Commission means the rules will come into force from 3 September 2020.
Trade associations including AIMA and FIA EPTA have said the short selling restrictions have failed to curb volatility and could pose long-term damage.
The endorsement comes two months after the ESMA stated it would postpone enforcing CSDR's settlement discipline regime following an industry-wide lobby.
Trade repositories will be able to register with the Financial Conduct Authority (FCA) following the end of the Brexit transition period.
New working group will look to solve complications for pension funds in providing cash collateral as variation margin.
National authorities are not expected to enforce the reporting obligations under SFTR as until 13 July 2020.
ISLA and ICMA write to regulators appealing for delay due to Coronavirus pandemic.