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.
Prashant Bhardwaj Innovation Manager at Crif
05 December
Tachat Igityan Founder and CFO at destream
03 December
Ritesh Jain Founder at Infynit / Former COO HSBC
Erica Andersen Marketing at smartR AI
02 December
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