Community
The European Securities and Markets Authority (ESMA) has published guidance on how it will recognise third country central counterparties (CCPs). This covers communication with ESMA to apply for recognition, timeframes for submission of applications and the assessment criteria. The jurisdiction in which the CCP is established must have:
· Legal and supervisory arrangements equivalent with EMIR requirements; and
· Meet EU requirements for anti-money laundering and combatting of financing of terrorism.
Related link: http://www.esma.europa.eu/news/ESMA-publishes-practical-guidance-recognition-Third-Country-CCPs-ESMA?t=326&o=home
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Galong Yao CGO at Bamboodt
08 July
Alex Kreger Founder and CEO at UXDA Financial UX Design
07 July
Anjna McGettrick Global Head of Strategy Implementations at Onnec
Nkahiseng Ralepeli VP of Product: Digital Assets at Absa Bank, CIB.
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.