INTERNATIONAL: DFSA Signs MoU with European Securities and Markets Authority

Thursday February 23 2017

The Dubai Financial Services Authority (DFSA) and the European Securities and Markets Authority (ESMA) have entered into information sharing and cooperation arrangements regarding DIFC based central counterparties (CCPs) compliance with conditions set out in the European Union’s Market Infrastructure Regulation (EMIR).

It follows a decision published in mid-December 2016 by the European Commission, which found the DFSA’s regulatory framework for CCPs as equivalent to that of the European Union. The European Commission’s decision also confirmed that the DFSA’s framework is compliant with international standards set out under the International Organisation of Securities Commissions’ (IOSCO) Principles for Financial Market Infrastructures.

Click on the link above for further details.