Agreement outlines tools ESMA can use to monitor Hong Kong clearing houses
The European Securities
and Markets Authority (ESMA) and the Hong Kong Securities and
Futures Commission (SFC) are set to enhance cooperation on the
monitoring of Hong Kong’s qualified central
clearing parties (QCCPs) continued compliance under
Both parties signed a
memorandum of understanding (MoU) regarding the tools that ESMA
can use to monitor Hong Kong-based QCCPs.
The European Commission
recognised in October Hong Kong, Australia, Japan and Singapore
as having equivalent legal and supervisory frameworks to
European Market Infrastructure Regulations (Emir).
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