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ESMA releases list of authorized counterparties outside the EU 

August 13, 2014
Andrew Saks McLeod, LeapRate

As international regulatory collaboration with regard to post-trade processing extends into Europe, ESMA produces a list of 38 non-European CCPs which have applied for authorization to process European order flow.

As the European rulings on post-trade processing continue to take shape, the European Securities and Markets Authority has today published a list of central counterparties (CCPs) which are established in countries located outside the European Union and European economic area, that have applied for recognition under the European Union regulatory framework on OTC derivatives, CCPs and trade repositories in accordance with the European Market Infrastructure Regulation (EMIR).

The list comprises of thirty-eight executing venues, clearing houses, exchanges, diversified market places and depositories, which are located in various regions including Australia, the Asia Pacific, Israel, and North America.

Should the entities be subject to acceptance of their applications, the attainment of an international standard with regard to post trade processing and reporting will become closer, with the European rulings emulating those of North America, and these entities able to process pan-European order flow in their respective jurisdictions.

Read more: LeapRate

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