The European Securities and Markets Authority has established a Memorandum of Understanding (MoU) under the European Markets Infrastructure Regulation (EMIR) with the South Korean Financial Services Commission and the Financial Supervisory Service respectively.

The MoU establishes cooperation arrangements, including the exchange of information, regarding central counterparties which are established and authorised or recognised in South Korea, and which have applied for EU recognition under EMIR.

View ESMA to cooperate with South Korean regulators on CCPs, 22 March 2016