The European Securities and Markets Authority (ESMA) announced that has updated its list of recognised central counterparties (CCPs) based in third countries.
Today’s update concerns:
- Indian Clearing Corporation Limited;
- National Securities Clearing Corporation Limited; and
- MCX-SX Clearing Corporation.
The European Markets Infrastructure Regulation (EMIR) requires third-country CCPs to be recognised by ESMA in order to operate in the European Union.