Friday, November 15, 2013

ESMA Publishes List of non-E.U. Central Counterparties Applying for Recognition under EMIR

The European Securities and Markets Authority has listed central counterparties established in non-E.U. countries that have applied for recognition under Article 25 of the European Market Infrastructure Regulation (EMIR) and which expressly agreed to have their name mentioned publicly. ESMA noted that this list is not necessarily exhaustive and remains subject to further updates.

Eight U.S. central counterparties have applied: Chicago Mercantile Exchange, ICE Clear U.S., LCH.Clearnet LLC, National Securities Clearing Corp. New York Portfolio Clearing LLC, The Options Clearing Corporation, Fixed Income Clearing Corp, and ICE Clear Credit LLC. Other central counterparties that have applied include the Canadian Derivatives Clearing Corp., the Tokyo Financial Exchange, Inc., and the Hong Kong Securities Clearing Company, Ltd.