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.
Newly approved CCPs are in Australia, Hong Kong, Japan and Singapore.
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