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ESMA recognises four new Third Country CCPs

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Mardi, mai 2, 2023
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ESMA recognises four new Third Country CCPs

Key Points: 
  • ESMA recognises four new Third Country CCPs
    The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has recognised four additional third country CCPs (TC-CCPs) under Article 25 of the European Market Infrastructure Regulation (EMIR), bringing the total number of TC-CCPs recognised by ESMA to 39.
  • The newly recognised TC-CCPs are:
    - Bursa Malaysia Derivatives Clearing Berhad (Malaysia);
    - Taiwan Futures Exchange Corporation (Taiwan);
    - Cámara de Riesgo Central de Contraparte de Colombia S.A. (Colombia); and
    - Tel-Aviv Stock Exchange Clearing House Ltd (Israel).
  • ESMA now has 25 cooperation arrangements for TC-CCP supervision with supervisory authorities from 20 third countries.
  • ESMA has updated its list of recognised third-country central counterparties (TC CCPs) accordingly.

ESMA to withdraw the recognition decisions of six Indian CCPs

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Vendredi, novembre 11, 2022
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ESMA to withdraw the recognition decisions of six Indian CCPs

Key Points: 
  • ESMA to withdraw the recognition decisions of six Indian CCPs
    The European Securities and Markets Authority (ESMA), the EUs financial markets regulator and supervisor, today announces that six central counterparties (CCPs) established in India will have their recognition decisions withdrawn in accordance with the European Market Infrastructure Regulation (EMIR).
  • ESMA had to tier and review the recognition of all third country CCPs (TC-CCPs) that had been recognised prior to 21 September 2020, in accordance with EMIR (Article 89(3c)).
  • As a result, ESMA concludes that these TC-CCPs cannot continue to be recognised in the European Union under the currently applicable EMIR regime.
  • To mitigate the adverse impacts on EU market participants, ESMA will defer the application of the withdrawal decisions until 30 April 2023.