EMIR: ESMA and Securities and Exchange Board of India sign MoU on CCPs

25/07/2017 | Clifford Chance

ESMA has signed a memorandum of understanding (MoU) on central counterparties (CCPs) with the Securities and Exchange Board of India (SEBI). The MoU establishes cooperation arrangements regarding CCPs which are established and authorised or recognised in India, and which have applied for legal recognition under the European Market Infrastructure Regulation (EMIR). The MoU is effective as of 21 June 2017.