10.04.2022

ESMA Recognises Shanghai Clearing House and Dubai Clear

10.04.2022
ESMA Recognises Shanghai Clearing House and Dubai Clear

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has updated its list of recognised third-country central counterparties (TC CCPs) to include the Shanghai Clearing House and Dubai Clear.

On 27 September, ESMA recognised Shanghai Clearing House, from the People’s Republic of China, and Dubai Clear, from the United Arab Emirates (UAE), as TC CCPs under Article 25 of the European Market Infrastructure Regulation (EMIR).

The recognition of Shanghai Clearing House as a third-country CCP follows the adoption of a decision on the equivalence of the regulatory framework of the People’s Republic of China for central counterparties with EMIR requirements on 22 June 2022. An equivalence decision with respect to the UAE and a Memorandum of Understanding between the ‘Securities and Commodities Authority’ and ESMA were already in place since December 2016 and February 2017 respectively.

Source: ESMA

SEC Commissioner Mark Uyeda argued that private assets belong in retirement plans, saying diversified alts can improve risk-adjusted returns and that the answer to optimal exposure “is not zero.” @ShannyBasar reporting for @MarketsMedia:

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