ESMA approves APAC clearing houses
30 April 2015 Brussels
Image: Shutterstock
ESMA has recognised ten third-party CCPs in the APAC region, allowing them to provide clearing services to members or trading venues in the EU.
The approvals are in jurisdictions that have been assessed as equivalent by the European Commission with regards to their legal and supervisory arrangements for CCPs.
The decision follows several other steps, including the conclusion of cooperation agreements with the relevant authorities and consultations with other authorities and central banks.
ASX Clear (Futures) and ASX Clear Pty Limited have both been newly approved in Australia, while Japan Securities Clearing Corporation and Tokyo Financial Exchange have received approval in Japan.
In Hong Kong, the Hong Kong Securities Clearing Company Limited, HKFE Clearing Corporation Limited, OTC Clearing Hong Kong Limited and The SEHK Options Clearing House Limited all made the cut.
Finally, in Singapore, Central Depository (Pte) Limited and Singapore Exchange Derivatives Clearing both received CCP approval.
The approvals are in jurisdictions that have been assessed as equivalent by the European Commission with regards to their legal and supervisory arrangements for CCPs.
The decision follows several other steps, including the conclusion of cooperation agreements with the relevant authorities and consultations with other authorities and central banks.
ASX Clear (Futures) and ASX Clear Pty Limited have both been newly approved in Australia, while Japan Securities Clearing Corporation and Tokyo Financial Exchange have received approval in Japan.
In Hong Kong, the Hong Kong Securities Clearing Company Limited, HKFE Clearing Corporation Limited, OTC Clearing Hong Kong Limited and The SEHK Options Clearing House Limited all made the cut.
Finally, in Singapore, Central Depository (Pte) Limited and Singapore Exchange Derivatives Clearing both received CCP approval.
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