The European Securities and Markets Authority (ESMA) and the US Commodity Futures Trading Commission (CFTC) have established a memorandum of understanding (MoU) under the European Market Infrastructure Regulation (EMIR).
The MoU establishes cooperation arrangements, including the exchange of information, regarding CCPs which are established in US and authorised or recognised by the CFTC and which have applied for EU recognition under EMIR.
EMIR provides for cooperation arrangements between ESMA and the relevant non-EU authorities whose legal and supervisory framework for CCPs have been deemed equivalent to EMIR by the European Commission.
The MoUs is effective as of 02 June 2016.
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
Iron ore and freight have grown up as asset classes in their own right.
-
In 2024, Euronext and Nord Pool announced their plan to launch a Nordic and Baltic power futures market.
-
A record 9.1 million futures and options traded on Friday January 10, 2025.
-
Volume on November 21 surpassed the previous record from 2018.
-
Brent futures and options traded at record quantities in the last quarter.