The European Securities and Markets Authority (ESMA) has published a supplement to its technical advice to the European Commission on the equivalence of the regulatory regime for central counterparties (CCPs) of Japan with the European Markets Infrastructure Regulation (EMIR).

The supplement sets out ESMA’s advice to the Commission in respect of the equivalence between the Japanese regulatory regime for commodity CCPs and the regulatory regime for CCPs under EMIR.

ESMA’s advice in respect of Japan for CCPs that clear transactions relating to securities, currencies, interest rates, credit, weather, GDP and other indices, is that the Japanese regulatory regime for commodity CCPs contains legal provisions and involves supervision and enforcement similar to that of EMIR.

View Supplement to the final report technical advice on third country regulatory equivalence under EMIR – Japan, 30 January 2014

View ESMA delivers second set of advice on EMIR equivalence, 30 January 2014

Leave a Reply

Your email address will not be published. Required fields are marked *