Tuesday 13 July 2021
BOARD OF SUPERVISORS
CCP DIRECTORATE
POST TRADING
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, today published a methodology for assessing whether a third country central counterparty (TC-CCP) or some of its clearing services are of such substantial systemic importance that the TC-CCP should not be recognised to provide certain clearing services or activities in the European Union.
The methodology has been developed by ESMA’s CCP Supervisory Committee and is based on the requirements of Article 25 (2c) of EMIR.
Source: ESMA publishes methodology for assessing third country CCPs systemic importance