Wednesday June 15 2016
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: European Union
Link: https://www.esma.europa.eu/sites/default/files/library/third-country_ccps_recognised_under_emir.pdf
The European Securities and Markets Authority (ESMA) has updated its list of recognised central counterparties (CCPs) based in third countries. The update concerns the recognition of the US Chicago Mercantile Exchange Inc. (CME).
The European Markets Infrastructure Regulation (EMIR) requires third-country CCPs to be recognised by ESMA in order to operate in the European Union.
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