The European Securities and Markets Authority (ESMA) has published a memorandum of understanding (MoU) it has entered into with the Monetary Authority of Singapore (MAS) under the European Market Infrastructure Regulation (EMIR).

The MoU will ensure that cooperation arrangements between ESMA and MAS have been established as regards to those central counterparties established in Singapore and authorised by MAS as Approved Clearing Houses, having applied to ESMA for recognition under EMIR (Covered CCPs), and provide ESMA with adequate tools to monitor the ongoing compliance by the Covered CCPs with the recognition conditions under EMIR.

View ESMA memorandum of understanding with MAS, 9 March 2015