ESMA and MAS conclude MoU on CCPs
The European Securities and Markets Authority (ESMA) and the Monetary Authority of Singapore have concluded a Memorandum of Understanding (MoU). The MoU establishes cooperation arrangements between the signatory authorities regarding Central Counterparties (CCPs) established in Singapore, are authorised by the Monetary Authority of Singapore and have applied for recognition under EMIR.
The MoU is effective as of 10 February 2015. This MoU is established under the European Markets Infrastructure Regulation (EMIR). EMIR provides for cooperation arrangements to be established between ESMA and non-EU authorities whose legal and supervisory framework for CCPs have been deemed equivalent to EMIR by the European Commission.
Source: European Securities and Markets Authority (ESMA)
Related Posts
ESMA and CFTC to cooperate to recognised Central Counterparties
ESMA to cooperate with New Zealand’s regulators on CCPs
DFSA Signs MoU with European Securities and Markets Authority
ESMA, National Securities Regulators and ECB to exchange information- ESMA and Australian Securities and Investment Commission (ASIC) sign MoU on trade repository data
