On 29 September 2022, the European Commission adopted two decisions determining that the legal and supervisory frameworks for central counterparties (CCPs) in Colombia and Taiwan are equivalent to the requirements applicable under the European Markets Infrastructure Regulation (EMIR).
The decisions allow these CCPs to apply for recognition by the European Securities and Markets Authority (ESMA). Once recognised, such CCPs will be able to provide central clearing services in the EU to EU clearing members and trading venues.
The decisions are as follows:
- Commission Implementing Decision (EU) of the 28.9.22 on the equivalence of the Regulatory framework for central counterparties in Colombia to the requirements of Regulation (EU) No 648/2012 of the European Parliament and of the Council
- Commission Implementing Decision (EU) of 28.9.2022 on the equivalence of the regulatory framework for central counterparties in Taiwan to Regulation (EU) No 648/2012 of the European Parliament and of the Council as regards Futures Clearing Houses under the supervision of the Financial Supervisory Commission.
The decisions shall enter into force on the day following that of their publication in the Official Journal of the European Union.
