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20 March 2017

ESMA to cooperate with non-EU regulators on CCPs


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ESMA established five Memoranda of Understanding under the European Markets Infrastructure Regulation.


The MoUs establish cooperation arrangements, including the exchange of information, regarding Central Counterparties (CCPs) which are established and authorised or recognised in Brasil, Japan, India, the Dubai International Financial Center or the United Arab Emirates, and which have applied for EU recognition under EMIR.

EMIR provides for cooperation arrangements between ESMA and the relevant non-EU authorities whose legal and supervisory framework for CCPs have been deemed equivalent to EMIR by the European Commission.

ESMA agreed a MoU with the following Brasilian regulators:
•    the Banco Central de Brasil; and
•    the Comissão de Valores Mobiliários (CVM);

ESMA agreed a MoU with the following Japanese regulators:
•    the Ministry of Agriculture, Forestry and Fisheries (MAFF); and 
•    the Ministry of Economy, Trade and Industry (METI)

ESMA agreed a MoU with the Indian regulator:
•    Reserve Bank of India (RBI);

ESMA agreed a MoU with the Dubai regulator:
•    the Dubai Financial Services Authority (DFSA);

ESMA agreed a MoU with the Emirati regulator:
•    Securities and Commodities Authority (SCA);

The MoUs are applicable as per their dates of signature.

Press release

 



© ESMA


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