Source: The European Securities and Markets Authority (ESMA)
The European Securities and Markets Authority (ESMA) and the Australian Securities and Investments Commission (ASIC) have concluded a Memorandum of Understanding (MoU) on access to data held in European trade repositories . The MoU is effective as of 26 November 2014.
The ESMA-ASIC MoU is the first cooperation arrangement established under the European Markets Infrastructre Regulation (EMIR). EMIR provides the possibility for non-EU regulators that do not have any trade repository in their jurisdiction, to access data on derivatives contracts held in European trade repositories which is relevant for their supervisory tasks. The MoU insures professional secrecy exists.
ESMA is working closely with other third-country authorities on similar cooperation arrangements.