Asian CCPs left to apply ‘in the dark’ for Esma recognition

tunnel

Asian central counterparties (CCPs) looking to meet the September 15 deadline in applying for European Securities and Markets Authority (Esma) recognition will, for the most part, have to apply without knowing if their jurisdiction is deemed equivalent to that set out in the European Market Infrastructure Regulation (Emir). On Friday, the European Commission (EC) extended the deadline for Esma to report back on third-country CCP regulatory regime equivalence to Emir for the US and Japan from