The European Securities and Markets Authority (ESMA) has established five Memoranda of Understanding (MoUs) under the European Markets Infrastructure Regulation (EMIR).

The MoUs establish cooperation arrangements, including the exchange of information, regarding central counterparties (CCPs) which are established and authorised or recognised in Brazil, Japan, India, Dubai and the United Arab Emirates.

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.

View ESMA to cooperate with non-EU regulators on CCPs, 20 March 2017