ESMA Recognizes OCC as Tier 1 Third-Country Central Counterparty Under EMIR
OCC, the world's largest equity derivatives clearing organization, today announced that the European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has granted recognition to OCC as a Tier 1 third-country central counterparty (TC-CCP) under Article 25 of the European Market Infrastructure Regulation (EMIR).
- OCC, the world's largest equity derivatives clearing organization, today announced that the European Securities and Markets Authority (ESMA), the EUs securities markets regulator, has granted recognition to OCC as a Tier 1 third-country central counterparty (TC-CCP) under Article 25 of the European Market Infrastructure Regulation (EMIR).
- We are gratified that our current and future clearing members affiliated with European banks have clarity on the regulatory treatment of their exposures to OCC.
- The Options Clearing Corporation (OCC), named Risk Magazines 2022 Clearing House of the Year, is the world's largest equity derivatives clearing organization.
- OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms.