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09 March 2015

ESMA and MAS conclude MoU on CCPs

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The MoU establishes cooperation arrangements between the signatory authorities regarding CCPs established in Singapore that are authorised by the Monetary Authority of Singapore and have applied for recognition under EMIR.

The European Securities and Markets Authority (ESMA) and the Monetary Authority of Singapore have concluded a Memorandum of Understanding (MoU). This MoU is established under the European Markets Infrastructure Regulation (EMIR).

EMIR provides for cooperation arrangements to be established between ESMA and non-EU authorities whose legal and supervisory framework for CCPs have been deemed equivalent to EMIR by the European Commission.

The MoU is effective as of 10 February 2015.

Full Memorandum of Understanding


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