Esma recognises ten third-country CCPs
The European Securities and Markets Authority (Esma) has recognised ten third-country central counterparties (CCPs) established in Australia, Hong Kong, Japan and Singapore.
Third-country CCPs recognised by Esma are able to provide clearing services to members or trading venues established in the EU. Esma has published a list of recognised CCPs and corresponding financial instruments:
- ASX Clear (Futures) Pty
- ASX Clear Pty
- HKFE Clearing Corporation
- Hong Kong Securities Clearing Company
- OTC Clearing Hong Kong
- SEHK Options Clearing House
- Japan Securities Clearing Corporation
- Tokyo Financial Exchange
- Singapore Exchange Derivatives Clearing
- The Central Depository (Pte)
More CCPs will be added to or amended on the list as Esma makes new decisions.
In order to be recognised CCPs must come from jurisdictions which have been deemed to have "equivalent" legal and supervisory arrangements as in the EU by the European Commission.
Third-country authorities must also sign cooperation agreements and European authorities and central banks have to be consulted in keeping with the European Market Infrastructure Regulation (Emir).
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