ESMA eases to more supervision of Indian CCPs
The European Securities and Markets Authority (ESMA) on Thursday announced a new cooperation agreement with the Securities and Exchange Board of India (SEBI), that will secure it information on the ongoing compliance of Indian central counterparties (CCPs) with European Union regulation.
The memorandum of understanding between ESMA and SEBI will kick in on Friday, and represents a “statement of intent” to “consult, cooperate and exchange information” with regards to regulatory equivalence between the two jurisdictions.
Under the European Market Infrastructure Regulation (EMIR), foreign clearing houses are allowed to offer
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