ESMA signs Memorandum of Understanding with the Securities and Exchange Board of India

AI summary of the source article

The European Securities and Markets Authority (ESMA) has signed a Memorandum of Understanding (MoU) with the Securities and Exchange Board of India (SEBI) concerning the recognition of Indian central counterparties (CCPs). The agreement establishes cooperation and information exchange, enabling SEBI-supervised CCPs to re-apply for recognition under the European Market Infrastructure Regulation (EMIR). This step follows an earlier MoU with the Reserve Bank of India to help restore EU clearing members' access to Indian CCPs.