Friday March 31 2017
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: European Union
Link: https://www.esma.europa.eu/press-news/esma-news/esma-updates-list-recognised-third-country-ccps-1
The European Securities and Markets Authority (ESMA) has updated its list of recognised central counterparties (CCPs) based in third countries. The update concerns the recognition of six non-EU central counterparties (CCPs).
- ESMA recognised the following entities:Dubai Commodities Clearing Corporation (DCCC);
- Clearing Corporation of India Ltd (CCIL);
- Nasdaq Dubai Ltd;
- Japan Commodity Clearing House Co., Ltd (JCCH);
- BM&FBovespa S.A., Brazil; and
- Nodal Clearing LLC, USA.
The European Markets Infrastructure Regulation (EMIR) requires third-country CCPs to be recognised by ESMA in order to operate in the European Union.
Click on the link above for further details.