Blog article
See all stories »

ESMA advice on EMIR finds Japanese commodity CCPs equivalent

The European Securities and Market Authority (ESMA) has published a supplement to its advice to the European Commission on the equivalence of the regulatory regime for Japanese central counterparties (CCPs) with the European Markets Infrastructure Regulation (EMIR).  The supplement sets out ESMA’s advice to the Commission in respect of the equivalence between the Japanese regulatory regime for commodity CCPs and the regulatory regime for CCPs under EMIR.  ESMA considers that the Japanese regulatory regime for commodity CCPs contains legal provisions and involves supervision and enforcement similar to that of EMIR.
 
The Commission will use the ESMA technical advice to prepare equivalence decisions.  Where it adopts such a decision, certain provisions of EMIR may be disapplied in favour of the equivalent third-country rules.
 
Related link:

http://www.esma.europa.eu/system/files/2014-esma-123_-_esma_technical_advice_on_equivalence_of_japan_for_ccp_ii__-_commodities_ccps.pdf

Comments: (0)

Retired Member

Member since

19 Mar

Location

Blog posts

3,711

Comments

4,689

This post is from a series of posts in the group:

Financial Services Regulation

This network is for financial professionals interested in staying up to date on financial services regulation happening anywhere in the world. CFOs, bankers, fund managers, treasurers welcome.


See all