Esma says national regulators must decide product eligibility for third-country CCP transition period

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Deciding on which third-country central counterparty (CCP) product segments are eligible for the European Securities and Markets Authority (Esma) transition period starting March 15 is a matter for the individual national regulators of the European institutions, the European regulator tells Asia Risk.

Esma is the pan-European Union (EU) authority implementing the European Market Infrastructure Regulation (Emir), which came into force in August last year and sets out the infrastructure to

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