ESMA established two Memoranda of Understanding under EMIR with the Mexican Comisión Nacional Bancaria y de Valores and the South African Financial Services Board respectively.
The MoUs establish cooperation arrangements, including the exchange of information, regarding Central Counterparties (CCPs) which are established and authorised or recognised in Mexico or South Africa, and which have applied for EU recognition under the European Markets Infrastructure Regulation (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 are effective as of 26 January 2016 for the one with Mexico (CNBV) and 30 November 2015 for the one with South Africa (FSB) respectively.
MoU for South Africa
MoU for Mexico
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