ESMA Sets CCPs Regs Sharing With Japan, UAE And Others

Law360, London (March 20, 2017, 6:43 PM GMT) -- Europe’s top securities watchdog announced Monday it has established cooperation agreements with authorities in Brazil, Japan, India, and the United Arab Emirates to share regulatory information on central counterparties that have applied for EU recognition.

The Paris-based European Securities and Markets Authority has granted five memoranda of understanding, or MoUs, that will help it monitor material changes to the laws and regulations that third-country central counterparties, known as CCPs, are subject to in their home regions, as well as keep it updated on enforcement actions that...
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