ESMA forges on with cross border CCP rulings, enters into agreement with Hong Kong’s SFC

The European Securities and Markets Authority (ESMA) has entered into a Memorandum of Understanding (MOU) with Hong Kong’s national financial regulatory authority, the Securities and Futures Commission with regard to the regulation of cross-border OTC derivatives transactions that are conducted via central counterparties (CCP).

In order to work toward a standardized regulatory structure for the oversight of transactions with regulators among the G20 nations, efforts to form such a framework is continuing within the pan-European financial authority in the advent of the full implementation of MiFID II.

To read the full MOU, click here.

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