ESMA signs Memorandum of Understanding with the Indonesia Financial Services Authority and recognises PT Kliring Penjaminan Efek Indonesia as Tier 1 CCP
ESMA signs Memorandum of Understanding with the Indonesia Financial Services Authority and recognises PT Kliring Penjaminan Efek Indonesia as Tier 1 CCP
- ESMA signs Memorandum of Understanding with the Indonesia Financial Services Authority and recognises PT Kliring Penjaminan Efek Indonesia as Tier 1 CCP
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has signed a Memorandum of Understanding (MoU) with the Indonesia Financial Services Authority and updated its list of recognised third-country central counterparties (TC CCPs) under the European Markets Infrastructure Regulation (EMIR). - On 19 October 2023, ESMA recognised PT Kliring Penjaminan Efek Indonesia (KPEI) as a Tier 1 CCP under Article 25 of the European Market Infrastructure Regulation (EMIR).
- The recognition of PT Kliring Penjaminan Efek Indonesia as a third country CCP follows the adoption of an equivalence decision regarding the regulatory framework for central counterparties in Indonesia with EMIR requirements on 8 June 2022.
- ESMA and the Indonesia Financial Services Authority signed a Memorandum of Understanding (MoU) on 30 September 2023.