Thursday December 4 2014
News Source: Global Exchanges
Focus: Other
Type: General
Country: International
Link: http://www.esma.europa.eu/system/files/esma_asic_mou.pdf
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 26th November 2014.
The ESMA-ASIC MoU is the first cooperation arrangement established under the European Markets Infrastructure 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.
Click link above for further details.