SEBI signs agreement with ESMA for information exchange on CCPs
Posted on:21 Jul 2017 13:08:26
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21 July 2017 Current Affairs: Securities and Exchange Board of India (SEBI) entered into a Memorandum of Understanding (MoU) with the European Securities and Markets Authority (ESMA).
The MoU was signed for the exchange of information concerning Central Counterparties (CCPs) under the European Markets Infrastructure Regulation (EMIR). CCPs are entities that help facilitate clearing and settlement activities.
CCP is a corporate entity that exists in various European countries to help facilitate trading done in European derivatives and equities markets.
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