ESMA lays out future for third country CCPs
The European Securities and Markets Authority has issued technical advice for the European Commission on the treatment of third-country central counterparties (TC-CCPs).
ESMA issued three sets of technical advice to the Commission on TC-CCPs under the revised European Market Infrastructure Regulation.The European regulator is proposing a range of indicators, both qualitative and quantitative, to be used in determining a TC-CCP’s tiering, along with guidance on what it may consider ...
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